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Dollars released at official rate increased by 80%: Minister Saeed

In Parliament's sitting, the opposition MDP's no-confidence motion against Economic Minister Mohamed Saeed was taken up, with Saeed saying claims about the dollar rate are false and that dollars released at the official rate have risen 80%. He said USD 1.9 billion had been provided from 2024 to the present, compared with USD 1.75 million released during the last three years of the Solih administration, and highlighted a requirement to exchange 40% of dollar income.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures4as written, with their sentences

One outlet so far Only Maldives Voice 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
  1. Wed 4 Nov
    The no confidence motion submitted by the opposition MDP against Minister Saeed was taken up. Parliament 4 Nov sitting of Parliament only Maldives Voice In today's sitting of Parliament, the no confidence motion submitted by the opposition MDP against Minister Saeed was taken up.

    Word for word from the report in Maldives Voice. Open the report

Who said what

the reports' own quoted words, each once
  • From 2024 up to the present this year, this government has provided a total of USD 1.9 billion. This means an 80% increase has occurred here. It is almost a 100% doubling. So who released more dollars at the official rate? It has grown by …

    Minister Saeed Maldives Voice Open the report (Maldives Voice)

How the reporting differs

one source so far

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
  • 80% Increase in dollars released at the official rate Maldives Voice the proportion of dollars released at the official rate by this government has increased by 80%

    Word for word from the report in Maldives Voice. Open the report

  • USD 1.75 million Dollars released at official rate during last three years of former President Ibrahim Mohamed Solih's administration Maldives Voice during the last three years of former President Ibrahim Mohamed Solih's administration, USD 1.75 million was released for these purposes.

    Word for word from the report in Maldives Voice. Open the report

  • USD 1.9 billion Dollars provided by this government at official rate Maldives Voice From 2024 up to the present this year, this government has provided a total of USD 1.9 billion.

    Word for word from the report in Maldives Voice. Open the report

  • 40% Percentage of dollar income required to be exchanged Maldives Voice he highlighted requiring 40% of dollar income to be exchanged, noting that this was something no previous government had dared to do.

    Word for word from the report in Maldives Voice. Open the report

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