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President Reveals Strategies to Address U.S. Dollar Shortage
President Ibrahim Mohamed Solih, campaigning in Addu City for the second round of the presidential elections, set out two strategies to address the U.S. dollar shortage: de-dollarising the economy by requiring domestic transactions in Dhivehi Rufiyaa, and requiring businesses to deposit a share of their dollar earnings in a local bank for a fixed period. He said retaining 30 percent of U.S. dollar earnings locally could bring the exchange rate below MVR 15 per U.S. dollar, and that he would implement one of the policies in the first year of a second term.
Sources1carried itMR1 of 19 news outlets we monitor
Figures1as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Who said what
the reports' own quoted words, each once
Everything [businesses] buy, pay salaries [in Rufiyaa] even if it’s a tax, they have to pay in Rufiyaa. Everything. So the dollars have to be exchanged for [to pay] the government. [Giving U.S.] To the Banks. As per regulations by the MMA.…
Foreign investors are in Maldives. They will be assured that when it comes time to take [U.S. dollars] abroad they will have access to it [the funds]. And local investors have also taken loans from abroad. The government should provide the…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
30 percentShare of U.S. dollar earnings retained in the local economy needed to lower the exchange rateMaldives RepublicIf 30 percent of U.S. dollar earnings can be retained within the local economy, the exchange rate can be brought down to below MVR 15 per U.S. dollar, President Ibrahim Mohamed Solih has said
Word for word from the report in Maldives Republic. Open the report
Other events named
no clear day, as worded
President Ibrahim Mohamed Solih spoke at a campaign event ahead of the second round of the presidential elections, outlining strategies to address the U.S. dollar shortage.Addu CityMaldives RepublicPresident Ibrahim Mohamed Solih has said while campaigning for the second round of the presidential elections in Addu City. In his campaign speech, he touched on two strategies that he was exploring within his current term.
Word for word from the report in Maldives Republic. Open the report
