Person
Minister Saeed
Described in the news as: Economic Minister; Minister.
In the news, last 90 days
Economy
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.
Politics
Minister Saeed survives no-confidence vote with support of 54 MPs
Minister Saeed survived a no-confidence vote with the support of 54 MPs. Several PNC MPs were absent from Wednesday's sitting, and two members who attended did not take part in the vote.
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