Public accounts committee
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NewsFormer official warns USD could hit MVR 30
Former official Ahmed Zuhoor warns the US dollar could hit MVR 30 if the Maldives government fails to curb wasteful spending. To resolve the foreign currency crisis, he recommends slashing the state budget by 40 percent. Zuhoor blames the ongoing shortage on the irresponsibility of successive governments and current fiscal policies.
NewsHeavy fines on money exchangers selling USD above official rate
The Maldives Parliament has approved amendments to the Foreign Exchange Act, imposing fines up to MVR 5 million for selling USD above official rates. The law also bans advertising inflated rates, including media reports on black market prices. Violators face strict penalties to curb currency appreciation and regulate the exchange market.
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MJA condemns proposed ban on reporting black market USD rates
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Govt discussed jail sentence for black market rate reporting
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Majlis moves to ban publication of black market USD rates
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Majlis to seek suspension of senior police officers
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NSPA debt climbed to MVR 1.5 billion after November 2023
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Closed-door parliament meeting on dollar shortage crisis
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Shujau removed from committee after corruption allegations
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ACC requested bigger budget during closed-door Majlis meeting
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JSC pushes for MVR 500K payout, MVR 70K monthly for retired CJ's
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Indebted companies to be excluded from govt projects
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"I was removed from committee for looking into corruption"
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Vehicles imported for Blues Housing Project gone missing
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Committee to advise salaries cannot be deducted
Business
IMF calls for urgent cost-cutting measures
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Polco flats documents lost due to server "problem"
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Controversial forex bill passed
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FSM employee's oil theft meeting to a closed-door session
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