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80% Increase in US Dollars Disbursed Under President Muizzu’s Administration: Minister
Speaking during a no-confidence motion debate at the People's Majlis, a Minister highlighted government economic achievements, saying US dollar disbursements by the Bank of Maldives rose 80% under President Muizzu's administration and that USD 90.07 million has been received through international banking services to date. The Minister also outlined market price monitoring of 164 items, the expansion of essential commodities to 80 items, and a target to bring Thilafushi International Port into full operation by November 2027.
LatestMinister: We supplied 80% more dollars than MDP administrationSun English, 4 Nov, 13:14
Sources3carried itMTTESE2 of 19 news outlets we monitor + 1 official or other
Reports3one each
Reported over1 h 14 minfirst to latest report
Figures26as written, with their sentences
What happened
in order; days are read from the reports' words and dates
Mon 31 AugThe list of essential commodities was increased from 26 to 80 items.on 31 August 2026only Ministry of Economic Development & Tradethe list of essential commodities was expanded from 3 to 26 items, and subsequently increased from 26 to 80 items on 31 August 2026
Word for word from the report in Ministry of Economic Development & Trade. Open the report
Wed 4 NovEconomic Minister Mohamed Saeed responded to a no-confidence motion submitted by 13 opposition MDP MPs in Parliament.November 4, 20262 sourcesnewestResponding to a no-confidence motion submitted by 13 opposition Maldivian Democratic Party (MDP) MPs in Parliament today, Minister Saeed said USD 1.9 billion had been issued at the official rate during President Dr Mohamed Muizzu's administration.
Word for word from the report in The Edition. Open the report
Who said what
the reports' own quoted words, each once
USD 483.53 million was sold at the official rate of MVR 15.42 in 2024 alone. This marks a 97 percent increase from 2012. And looking at 2025, USD 733.82 million was sold for the aforementioned purposes. Another USD 718.53 million so far in…
Why? Because the outlook during the MDP administration was towards bankruptcy. This is the dark outlook the MDP administration brought. To change this outlook, the percentage was raised from 20 to 40 to utilize the dollar revenue generated…
Different words do not mean different facts: the cards above compare headline wording only.
Who reported it, and when
3 outlets, over 1 h 14 min
Ministry of Economic Development & Trade4 Nov, 11:59 · first report
The Edition4 Nov, 13:02 · 1 h 3 min later
Sun English4 Nov, 13:14 · 1 h 14 min later
4 Nov, 11:594 Nov, 13:14
Newest report: Sun English, 4 Nov, 13:14. Reports with a date and no time are listed but not placed on the line.
Claims side by side
figures and events as extracted, each with its sentence
0 agreed0 written differently31 from one source
From one source
Only one source we monitor stated it. That is a gap in what we monitor, not a doubt about it.
Increase in US dollars disbursed by the Bank of Maldives under President Muizzu's administration compared with the previous administration under President Dr. Mohamed Muizzu's administration80%Ministry of Economic Development & Tradethe amount of US dollars disbursed by the Bank of Maldives (BML) under President Dr. Mohamed Muizzu's administration has increased by 80%
Word for word from Ministry of Economic Development & Trade. Open the report
Exchange rate at which amounts were disbursed during President Ibrahim Mohamed Solih's administration administration of President Ibrahim Mohamed SolihMVR 15.42Ministry of Economic Development & Tradethe amount disbursed at the rate of MVR 15.42 during the administration of President Ibrahim Mohamed Solih
Word for word from Ministry of Economic Development & Trade. Open the report
Amount received through international banking services to dateUSD 90.07 millionMinistry of Economic Development & TradeUSD 90.07 million, equivalent to MVR 1.39 billion, has been received through international banking services to date
Word for word from Ministry of Economic Development & Trade. Open the report
Amount received through international banking services, in Maldivian rufiyaa to dateMVR 1.39 billionMinistry of Economic Development & TradeUSD 90.07 million, equivalent to MVR 1.39 billion, has been received through international banking services to date
Word for word from Ministry of Economic Development & Trade. Open the report
Number of items whose market prices are monitored by the Ministry once daily164 itemsMinistry of Economic Development & Tradethe Ministry monitors the market prices of 164 items once daily
Word for word from Ministry of Economic Development & Trade. Open the report
Number of items on the list of essential commodities after expansion on 31 August 202680 itemsMinistry of Economic Development & Tradethe list of essential commodities was expanded from 3 to 26 items, and subsequently increased from 26 to 80 items on 31 August 2026
Word for word from Ministry of Economic Development & Trade. Open the report
and 25 more, in the Evidence tab and the reports.
Figures in these reports
as written, with the sentence they come from
80%Increase in US dollars disbursed by the Bank of Maldives under President Muizzu's administration compared with the previous administrationMinistry of Economic Development & Tradethe amount of US dollars disbursed by the Bank of Maldives (BML) under President Dr. Mohamed Muizzu's administration has increased by 80%
Word for word from the report in Ministry of Economic Development & Trade. Open the report
MVR 15.42Exchange rate at which amounts were disbursed during President Ibrahim Mohamed Solih's administrationMinistry of Economic Development & Tradethe amount disbursed at the rate of MVR 15.42 during the administration of President Ibrahim Mohamed Solih
Word for word from the report in Ministry of Economic Development & Trade. Open the report
USD 90.07 millionAmount received through international banking servicesMinistry of Economic Development & TradeUSD 90.07 million, equivalent to MVR 1.39 billion, has been received through international banking services to date
Word for word from the report in Ministry of Economic Development & Trade. Open the report
MVR 1.39 billionAmount received through international banking services, in Maldivian rufiyaaMinistry of Economic Development & TradeUSD 90.07 million, equivalent to MVR 1.39 billion, has been received through international banking services to date
Word for word from the report in Ministry of Economic Development & Trade. Open the report
164 itemsNumber of items whose market prices are monitored by the MinistryMinistry of Economic Development & Tradethe Ministry monitors the market prices of 164 items once daily
Word for word from the report in Ministry of Economic Development & Trade. Open the report
80 itemsNumber of items on the list of essential commodities after expansionMinistry of Economic Development & Tradethe list of essential commodities was expanded from 3 to 26 items, and subsequently increased from 26 to 80 items on 31 August 2026
Word for word from the report in Ministry of Economic Development & Trade. Open the report
12 centresNumber of Business Centres in operation across the MaldivesMinistry of Economic Development & Tradeall 12 Business Centres across different parts of the Maldives continue to provide services
Word for word from the report in Ministry of Economic Development & Trade. Open the report
192 requestsRight to Information requests responded to by the MinistryMinistry of Economic Development & Tradethe Ministry has responded to 192 Right to Information (RTI) requests over the past two and a half years
Word for word from the report in Ministry of Economic Development & Trade. Open the report
184 occasionsTimes the Minister has personally engaged with the mediaMinistry of Economic Development & Tradethe Minister has personally engaged with the media on 184 occasions
Word for word from the report in Ministry of Economic Development & Trade. Open the report
USD 1.9 billionUSD issued at official rate during current administrationThe EditionIn comparison, USD 1.9 billion had been issued at the official rate during the first three years of the current administration, he said.
Word for word from the report in The Edition. Open the report
16 more figures
USD 1.75 billionUSD disbursed at official rate during previous administrationThe EditionHe said USD 1.75 billion was disbursed at the official rate between 2021 and November 17, 2023, during the previous administration.
Word for word from the report in The Edition. Open the report
80 percentincrease in dollars issued by current administration compared to previous governmentThe EditionBased on these figures, Minister Saeed said the current administration had increased the amount of dollars issued by 80 percent compared to the previous government.
Word for word from the report in The Edition. Open the report
USD 483.53 millionUSD disbursed at official rate of MVR 15.42The EditionMinister Saeed said USD 483.53 million was disbursed at the official rate of MVR 15.42 in 2024, representing a 97 percent increase compared to 2012.
Word for word from the report in The Edition. Open the report
97 percentincrease compared to 2012The EditionMinister Saeed said USD 483.53 million was disbursed at the official rate of MVR 15.42 in 2024, representing a 97 percent increase compared to 2012.
Word for word from the report in The Edition. Open the report
USD 733.82 millionUSD allocated for business transactions, student expenses and medical purposesThe EditionHe added that USD 733.82 million was allocated in 2025 for business transactions, student expenses and medical purposes, while USD 718.53 million had been released so far in 2026.
Word for word from the report in The Edition. Open the report
USD 718.53 millionUSD released so farThe EditionHe added that USD 733.82 million was allocated in 2025 for business transactions, student expenses and medical purposes, while USD 718.53 million had been released so far in 2026.
Word for word from the report in The Edition. Open the report
13 MPsMPs who submitted the no-confidence motionThe EditionResponding to a no-confidence motion submitted by 13 opposition Maldivian Democratic Party (MDP) MPs in Parliament today, Minister Saeed said USD 1.9 billion had been issued at the official rate during President Dr Mohamed Muizzu's administration.
Word for word from the report in The Edition. Open the report
38 minutestime allocated to the ruling PNC to debate the motionThe EditionThe ruling People's National Congress (PNC), which holds a parliamentary supermajority, was given 38 minutes to debate the motion, while the MDP MPs who submitted it were allocated nine minutes.
Word for word from the report in The Edition. Open the report
80 percentIncrease in US dollars supplied to banks by PNC administration vs MDP administrationSun EnglishThe incumbent People’s National Congress (PNC) administration has supplied 80 percent or USD 1.9 billion more US dollars to the banks in its first three years than the Maldivian Democratic Party (MDP) administration did in its last three, says Economic Minister Mohamed Saeed.
Word for word from the report in Sun English. Open the report
USD 1.9 billionTotal US dollars supplied to banks by the incumbent administrationSun EnglishThis administration has supplied total USD 1.9 billion or USD 1,942.45 million. This is an 80 percent increase
Word for word from the report in Sun English. Open the report
USD 483.53 millionUS dollars sold at official rate in 2024Sun English“USD 483.53 million was sold at the official rate of MVR 15.42 in 2024 alone. This marks a 97 percent increase from 2012.
Word for word from the report in Sun English. Open the report
MVR 15.42Official exchange rate at which dollars were sold in 2024Sun English“USD 483.53 million was sold at the official rate of MVR 15.42 in 2024 alone.
Word for word from the report in Sun English. Open the report
USD 733.82 millionUS dollars sold in 2025Sun EnglishAnd looking at 2025, USD 733.82 million was sold for the aforementioned purposes.
Word for word from the report in Sun English. Open the report
USD 718.53 millionUS dollars sold so far in 2026Sun EnglishAnother USD 718.53 million so far in 2026.
Word for word from the report in Sun English. Open the report
40 percentMandatory USD exchange requirementSun EnglishSaeed said that the incumbent administration was forced to introduce a 40 percent mandatory USD exchange requirement because of the gloomy outlook that resulted from MDP administration’s actions.
Word for word from the report in Sun English. Open the report
20 to 40Previous mandatory USD exchange requirement percentageSun EnglishTo change this outlook, the percentage was raised from 20 to 40 to utilize the dollar revenue generated from tourism – the Maldivian economy’s central pillar – for the country’s requirements
Word for word from the report in Sun English. Open the report
Other events named
no clear day, as worded
Cargo arriving by sea began being cleared through Thilafushi.in October 2026ThilafushiMinistry of Economic Development & TradeCargo arriving by sea began being cleared through Thilafushi in October 2026.
Word for word from the report in Ministry of Economic Development & Trade. Open the report
The MDP filed a no-confidence motion against Economic Minister Mohamed Saeed accusing him of dereliction of duty.AugustSun EnglishHe made the remark at the Parliament on Wednesday as he responded to a no-confidence motion filed against him by the MDP back in August, accusing him of dereliction of duty.
Word for word from the report in Sun English. Open the report
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