Government ministers couldn’t explain the dollar crisis yesterday. Instead, they practically criminalised every citizen, accusing them of money laundering. Abdullah Shahid just spelled out exactly why the crisis is happening.
From increased government spending on massive reclamation projects, military equipment, including drones and lavish ceremonial expenses, to MACL’s USD revenue being diverted to fund land reclamation for Muizzu’s vanity projects, the reasons are right there.
At the same time, resorts are forced to pay TGST, Green Tax, land rent, foreign loan repayments, fuel costs, and expatriate staff salaries in USD. And now, without any prior consultation with the industry, foreign currency surrender requirements are being pushed up to as much as 40% creating extreme uncertainty for businesses and putting their ability to meet foreign loan repayments and other USD obligations at risk.
Muizzu must resign immediately.
BTS from #Fashaairu with Raees @abdulla_shahid. He addressed how this government tore down Maldives' diplomatic relationships to gain power, without ever weighing the economic cost. Now, the consequences are faced by the people, not the people in power.
A major milestone for the Greater Malé Connectivity Project today!
Honored to have launched this project during my tenure as Foreign Minister.
The Maldives–India friendship is built on trust and shared progress. This link is a symbol of that commitment and of India’s support for Maldives’ development.
Deep appreciation to PM @narendramodi, and EAM @DrSJaishankar, for their leadership in realizing this vision for the Maldivian people.
#Maldives #India #GMCP
Visited “Pulse” today, an immersive and interactive exhibition by @UNFPAMaldives exploring the changing population of the Maldives and the resilience of our communities.
A creative way to bring these important conversations closer to people, particularly young Maldivians, and get us thinking about the country we are building for the future.
MDP condemns amendments to the Foreign Exchange Bill criminalising reporting of dollar rates; an assault on the free press and public accountability
https://t.co/PsWP8upYkJ