Minister of Economic Development, Transport and Trade Mohamed Saeed told Parliament that the government has supplied more US dollars at the official exchange rate and registered more foreign investments over the past three years than the previous administration. He was responding to a no-confidence motion filed by 13 opposition MDP parliamentarians.
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the current administration had supplied more than 80 percent more US dollars at the official exchange rate than the government of former President Ibrahim Mohamed Solih
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The previous administration supplied USD 1.75 billion to the public at the official rate during its final three years
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while the current government had supplied USD 1.9 billion so far
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the government supplied USD 483.53 million at the official exchange rate in 2024
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and USD 733.82 million in 2025
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A further USD 718.53 million had been supplied so far this year, representing an increase of 80 per cent
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the 313 investments registered during the current administration's first three years represented a record
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He said 212 investments were registered between 2008 and 2013
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Earlier reports gave 313 investments 4 Nov MM TV (English)212 registrations 4 Nov MM TV (English)
followed by 406 between 2013 and 2018
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Earlier reports gave 313 investments 4 Nov MM TV (English)212 registrations 4 Nov MM TV (English)
A further 245 investments were registered between 2018 and 2022
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Earlier reports gave 313 investments 4 Nov MM TV (English)212 registrations 4 Nov MM TV (English)
the ministry had responded to 192 requests under the Right to Information (RTI) framework
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Earlier reports gave 192 requests 4 Nov, 11:59 Ministry of Economic Development & Trade
and held 184 engagements with the media
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a no-confidence motion submitted to Parliament by 13 opposition Maldivian Democratic Party (MDP) parliamentarians
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The minister made the remarks while responding to a no-confidence motion submitted to Parliament by 13 opposition Maldivian Democratic Party (MDP) parliamentarians, seeking his removal from office.
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