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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.
Sources1carried itMV1 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
Wed 4 NovThe no confidence motion submitted by the opposition MDP against Minister Saeed was taken up.Parliament4 Nov sitting of Parliamentonly Maldives VoiceIn 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 …
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Figures in these reports
as written, with the sentence they come from
80%Increase in dollars released at the official rateMaldives Voicethe 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 millionDollars released at official rate during last three years of former President Ibrahim Mohamed Solih's administrationMaldives Voiceduring 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 billionDollars provided by this government at official rateMaldives VoiceFrom 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 exchangedMaldives Voicehe 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