Governor Ahmed Munawwar
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NewsUSD 1.5 billion framework agreement signed with ITFC
The Maldives and the ITFC signed a $1.5 billion five-year framework agreement to provide trade financing for essential imports and export expansion. The funds will support state-owned enterprises and private businesses through local banks. This deal builds on a long-term partnership that has provided $3.3 billion in aid since 2008.
NewsEnforcement alone cannot fix USD crisis, warns economic expert
Economic expert Ahmed Mohamed warns that enforcement and regulation alone cannot solve the foreign currency shortage or the gap between official and market rates. He argues that administrative actions fail to address underlying economic issues, even as the government plans stricter monitoring and increased mandatory dollar conversions.