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Fayyaz Warns Pension Fund at Risk as Muizzu Government Monetises Debt

MDP chairperson and opposition leader Fayyaz Ismail accused the Mohamed Muizzu government of forcing the Maldives Monetary Authority to print money through a devious transaction, saying the move puts the Maldives Retirement Pension Scheme at risk. He urged the government to submit any decision to print money to Parliament and to be transparent about potential rupiah depreciation, inflation and weakening purchasing power; the government and MMA have not commented.

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Sources 1carried it 1 of 19 news outlets we monitor

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
  • It’s no surprise that the government is forcing MMA to monetize fiscal expansion

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

  • I have stated previously that, despite their claims, this government would have no choice but to print money due to gross mismanagement.

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

  • appears to be, without doubt, Quantitative Easing, which is essentially printing money

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

  • This puts the integrity of the Maldives Retirement Pension Scheme at risk, and, when the Pension Fund is compelled to be involved in such an act, one could only imagine the extent to which this government is willing to fall

    Fayyaz Ismail Maldives Republic Open the report (Maldives Republic)

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