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Dollar rate could fall to MVR 10 if PNC stays in power for 15 years: Falaah
During a parliamentary debate on a no-confidence motion against Economic Minister Mohamed Saeed, PNC Parliamentary Group Leader Ibrahim Falaah said the dollar could fall to MVR 10 if the ruling PNC stays in power for another 10 to 15 years, blaming the previous MDP government for dollar appreciation. Saeed responded with USD disbursement figures, saying USD 1.9 billion had been issued at the official rate during the first three years of President Dr Mohamed Muizzu's administration.
LatestFalah: USD rate will be at MVR 10 under another 15 years of current administrationSun English, 4 Nov, 15:04
Sources2carried itTESE2 of 19 news outlets we monitor
Reports2one each
Reported over1 h 31 minfirst to latest report
Figures9as written, with their sentences
Who said what
the reports' own quoted words, each once
This is what happens when economic activity is carried out improperly. This is why the dollar and other things are fluctuating. If our government continues like this for, say, 10 or 15 years, the dollar rate will be MVR 10
When billions of dollars are borrowed without any investment in income-generating activities, and instead distributed among associates and friends without sound economic planning, this is the inevitable outcome
Different words do not mean different facts: the cards above compare headline wording only.
Who reported it, and when
2 outlets, over 1 h 31 min
The Edition4 Nov, 13:32 · first report
Sun English4 Nov, 15:04 · 1 h 31 min later
4 Nov, 13:324 Nov, 15:04
Newest report: Sun English, 4 Nov, 15:04. Reports with a date and no time are listed but not placed on the line.
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figures and events as extracted, each with its sentence
0 agreed0 written differently9 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.
USD issued at official exchange rate under the current government first three years of President Dr Mohamed Muizzu's administrationUSD 1.9 billionThe EditionIn comparison, USD 1.9 billion had been issued at the official rate during the first three years of President Dr Mohamed Muizzu's administration, he said.
Increase in USD issued at official rate versus previous administration current government to date80 percentThe EditionSaeed said the current government had issued USD 1.9 billion at the official exchange rate, 80 percent more than the previous administration.
USD disbursed at official rate under the previous administration between 2021 and November 17, 2023USD 1.75 billionThe EditionHe said USD 1.75 billion was disbursed at the official rate between 2021 and November 17, 2023, under the previous administration.
Predicted dollar rate if PNC remains in power after another 10 to 15 years of PNC ruleMVR 10The EditionUSD could fall to MVR 10 if the ruling People's National Congress (PNC) remains in power for another 10 to 15 years, PNC Parliamentary Group Leader Ibrahim Falaah said today.
Money Falah alleged the Solih administration printedMVR 8 billionSun EnglishFalah alleged that the Solih administration had printed MVR 8 billion and depleted the state's financial reserves.
Increase in dollars released at official exchange rate in first year of current administration first year of the current administration compared with the final three years of the Solih administration80 percentSun Englishthe amount of dollars released at the official exchange rate for various purposes had increased by 80 percent compared to the final three years of the Solih administration.
USD 1.9 billionUSD issued at official exchange rate under the current governmentThe EditionIn comparison, USD 1.9 billion had been issued at the official rate during the first three years of President Dr Mohamed Muizzu's administration, he said.
Word for word from the report in The Edition. Open the report
80 percentIncrease in USD issued at official rate versus previous administrationThe EditionSaeed said the current government had issued USD 1.9 billion at the official exchange rate, 80 percent more than the previous administration.
Word for word from the report in The Edition. Open the report
USD 1.75 billionUSD disbursed at official rate under the previous administrationThe EditionHe said USD 1.75 billion was disbursed at the official rate between 2021 and November 17, 2023, under the previous administration.
Word for word from the report in The Edition. Open the report
MVR 10Predicted dollar rate if PNC remains in powerThe EditionUSD could fall to MVR 10 if the ruling People's National Congress (PNC) remains in power for another 10 to 15 years, PNC Parliamentary Group Leader Ibrahim Falaah said today.
Word for word from the report in The Edition. Open the report
MVR 8 billionMoney Falah alleged the Solih administration printedSun EnglishFalah alleged that the Solih administration had printed MVR 8 billion and depleted the state's financial reserves.
Word for word from the report in Sun English. Open the report
80 percentIncrease in dollars released at official exchange rate in first year of current administrationSun Englishthe amount of dollars released at the official exchange rate for various purposes had increased by 80 percent compared to the final three years of the Solih administration.
Word for word from the report in Sun English. Open the report
64 membersMembers present for the no-confidence voteSun EnglishOf the 64 members present, 54 voted in favour of retaining confidence in the Minister, while 10 voted against him.
Word for word from the report in Sun English. Open the report
54 votesVotes in favour of retaining confidence in Minister SaeedSun EnglishOf the 64 members present, 54 voted in favour of retaining confidence in the Minister, while 10 voted against him.
Word for word from the report in Sun English. Open the report
10 votesVotes against retaining confidence in Minister SaeedSun EnglishOf the 64 members present, 54 voted in favour of retaining confidence in the Minister, while 10 voted against him.
Word for word from the report in Sun English. Open the report
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