ShauFish

Unbreakable Threat 🖤

[ShauFish @DoryFishB]

@bankofmaldives are you now restricting favara payments to other banks? That also MVR?

[Midhuam Saud(米渡）🇲🇻 @Midhuamsaud]

When the Government wanted to force the tourism industry to exchange 20% of its USD, these were some of the promises:

1. All SOEs would get the USD they need.

2. Every traveller would get USD 1,000 from the BML airport counter by the beginning of 2026.

3. Card limits would increase to USD 1,400.

4. TT demand would be catered for within 6 months.

Here we are at the end of August 2026. The tourism industry has been giving the Government its 20%, while the market rate for USD is around MVR 23, higher it was before taking 20%

I’ll leave it to each of you to decide how many of those promises were actually delivered.

Now the Government wants 40% of tourism USD, with a new set of promises and pledges.

I firmly believe that if Rufiyaa spending and wastage were brought under control, and our USD properly managed, even the 20% exchange requirement we already have could have achieved things we previously thought impossible.

But taking more USD without fixing how it is managed solves very little.

If we manage 40% the same way we managed 20%, the Government may get the dollars it wants for its projects ( projects that too often enrich those around political power ) while ordinary Maldivians will once again be left asking: Where did all those dollars go, and what did we actually get in return?

It’s not what you get but how you manage that matters

[ShauFish @DoryFishB]

@HKurusee 🥹

[Hassan Kurusee @HKurusee]

Update

Bank balance as of 8.35 pm.

64% of target reached, including from NSPA.

36% needed.

I’m confident we can do this tonight.

7703230747101 MVR
Nathasha Ahmed (Hawwa Yumn’s Sister)

7730000198158 USD
Nathasha Ahmed (Hawwa Yumn’s Sister)

[Hassan Kurusee @HKurusee]

If 3,500 of you each donate 250 MVR, Yumnu’s medical cost will be covered.

Will you be able to do this?

7703230747101 MVR
Nathasha Ahmed (Hawwa Yumn’s Sister)

7730000198158 USD
Nathasha Ahmed (Hawwa Yumn’s Sister)

If you can, please donate now.

She’s at airport now.

3 hrs

[Hassan Kurusee @HKurusee]

Glad to see my messages here on Twitter reaching Facebook too, thank you. @MMuizzu look, not a single angry reaction to this. Can you beat this👇

[ShauFish @DoryFishB]

@Malshasharyff @HKurusee @FaZuLRaShYd @PokmanMV @malshasharyf This issue was raised to HDC multiple times during this year and last year. No one attended and HDC completely ignored the resident requests. Thank you @HKurusee you are the man 💪🏻

[Elon Musk @elonmusk]

He was a genius

[Hassan Kurusee @HKurusee]

The story of a bully. @MMuizzu

[Mohamed Faisal @faixal]

Based on the Fitch Ratings report published today, here are the 6 key issues that you need to know that Muizzu's government is responsible for:

1. The country's gross foreign exchange reserves fell by about 20% between May and July 2024, reaching their lowest level since December 2016. Report says this indicates poor management of external finances.

2. Government faces significant external debt obligations, with $50 million in sovereign debt and $64 million in publicly guaranteed debt due in Q4 2024. Even larger payments are due in 2025 and 2026. (Previous government has paid a similar amount of debt but managed their debts effectively).

3. Government has not made tangible progress in increasing revenues or rationalizing expenditures, contributing to the rising debt burden. (Indicates high number of political apointees by Muizzu has effected our rating).

4. There are doubts about the government's ability to refinance a $500 million sukuk due in 2026 and accumulate sufficient foreign currency reserves in the Sovereign Development Fund.

5. Government's policies have not effectively addressed persistent US dollar shortages, leading to pressure on the parallel market and affecting the banking system's liquidity. (Indicates BML's decision to halt dollars and reversing it has effected our rating).

6. Government appears to be depending on potential FX swap arrangements with strategic partners or support from the IMF, rather than implementing robust domestic policies to address the economic challenges.

All this shows that the international community, including multilateral agencies and bilateral partners, has no trust in Muizzu's government and sees that it will fail us financially and possibly economically as well.

[ShauFish @DoryFishB]

@HKurusee So, basically its next Sri lanka, right?

[ShauFish @DoryFishB]

@HKurusee @bankofmaldives Central Bank should impose maximum transaction limits to all Banks. No bank should be allowed to post/verify a transaction above the threshold limits. Whats the role of central bank in here???

[Hassan Kurusee @HKurusee]

Do you remember him? His nickname is Otto I think.

I don’t know him personally. But I remember his case. He’s a well educated man, from UK or Australia, was going somewhere on a motorcycle in Hulhumale’ when an out of control thug hit him, disabled him for life. He has a wife and a kid too.

Will he ever get his previous life back?

Did he get any compensation for this?

Did he get justice?

My advice is, don’t trust the Police would do any proper road policing. Don’t trust other road users would follow rules, especially when the gang population is so high. In a failed state like Maldives, you’ll have to protect you and your own family. That includes taking extraordinary care when you’re walking on the road and riding/driving vehicles. Use the mirror properly. Don’t wear headphones when you’re on the street cause you never know which thug is going to run you over from behind so if you’re not wearing headphones you would at least hear vehicles coming and give you may be a second or two to run for your life. Don’t stop on a side of the road even to send a text or answer a call, EVEN IF IT LEGAL. Wear helmet, especially in Hulhumale and on the bridge. Nobody’s going to protect you, remember that. Once you’re disabled, that’s it for you. You won’t get any compensation or justice in Maldives. You’ll realise this when this happens to you or someone you love.

[Ｗ 𝗜 𝗦 𝗘 𝗖 𝗢 𝗡 𝗡 𝗘 𝗖 𝗧 𝗢 𝗥 ™ 💬 @wiseconnector]

be patient

[Science girl @sciencegirl]

Effects of light and shadows
https://t.co/LOV6IHPkG5

[SeffSaid @SeffSaid]

A reminder