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Dollar Hits Record MVR 20.20 in Black Market, Tops 2020 Pandemic Peak
The US dollar reached a record MVR 20.20 in the Maldives black market on Thursday, exceeding its 2020 pandemic-era peak, amid a new rule requiring resorts and guesthouses to convert 20% of foreign currency earnings into rufiyaa through local banks. The official MMA-fixed rate remains MVR 15.42 per dollar while critics say the measure tightens hard currency access for the wider private sector.
Sources1carried itMR1 of 19 news outlets we monitor
Figures4as 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.
What happened
in order; days are read from the reports' words and dates
Thu 17 JulThe US dollar rose to a record MVR 20.20 in the black market, surpassing its previous high during the COVID-19 pandemic.on Thursdayonly Maldives RepublicThe US dollar rose to a record MVR 20.20 in the black market on Thursday, surpassing its previous high during the COVID-19 pandemic, according to market sources.
Word for word from the report in Maldives Republic. Open the report
How the reporting differs
one source so far
Maldives RepublicNews outlet
Dollar Hits Record MVR 20.20 in Black Market, Tops 2020 Pandemic Peak
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 20.20Black market US dollar rateMaldives RepublicThe US dollar rose to a record MVR 20.20 in the black market on Thursday, surpassing its previous high during the COVID-19 pandemic, according to market sources.
Word for word from the report in Maldives Republic. Open the report
MVR 15.42Official exchange rate fixed by MMAMaldives RepublicThe official exchange rate remains fixed by the Maldives Monetary Authority (MMA) at MVR 15.42 per dollar, within a permitted band.
Word for word from the report in Maldives Republic. Open the report
20%Share of foreign currency earnings resorts and guesthouses must convert into Maldivian RufiyaaMaldives RepublicThe current surge comes in the wake of a new regulation mandating resorts and guesthouses to convert 20% of their foreign currency earnings into Maldivian Rufiyaa through local banks.
Word for word from the report in Maldives Republic. Open the report
nearly MVR 20US dollar level seen in 2020Maldives Republicexceeding the nearly MVR 20 levels seen in 2020 when border closures and a collapse in tourism battered the economy.
Word for word from the report in Maldives Republic. Open the report
