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Nasheed, Muizzu Highlight Advantages of Halting Debt Monetisation
Former President Mohamed Nasheed and President Mohamed Muizzu both spoke against debt monetisation, with Nasheed crediting the halt for lower dollar exchange rates and reduced black market rates, while Muizzu criticised the previous administration's reliance on money printing and outlined plans to strengthen state-owned enterprises and expand key sectors. The controversy traces to the 2020 suspension of Public Expenditure Accountability Act provisions during the pandemic, which the current administration is moving to restore in order to cap money printing.
Sources1carried itMR1 of 19 news outlets we monitor
Figures3as 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.
How the reporting differs
one source so far
Maldives RepublicNews outlet
Nasheed, Muizzu Highlight Advantages of Halting Debt Monetisation
MVR 15.42 Fixed US Dollar exchange rate set by MMA
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
MVR 15.42Fixed US Dollar exchange rate set by MMAMaldives RepublicDespite the fixed exchange rate set by the Maldives Monetary Authority (MMA) at MVR 15.42 for the US Dollar, real transactions have shifted towards a black market rate
Word for word from the report in Maldives Republic. Open the report
MVR 17 and MVR 17.40Black market exchange rate rangeMaldives Republicreal transactions have shifted towards a black market rate ranging between MVR 17 and MVR 17.40 — at times reaching as high as MVR 18.
Word for word from the report in Maldives Republic. Open the report
MVR 18Peak black market exchange rateMaldives Republicranging between MVR 17 and MVR 17.40 — at times reaching as high as MVR 18.
Word for word from the report in Maldives Republic. Open the report
Other events named
no clear day, as worded
Specific provisions of the Public Expenditure Accountability Act were suspended, allowing the government to exceed its overdraft limit significantly.in April 2020Maldives RepublicThe controversy surrounding the printing of money dates back to the suspension of specific provisions of the Public Expenditure Accountability Act in April 2020, which allowed the government to exceed its overdraft limit significantly.
Word for word from the report in Maldives Republic. Open the report
