This government collects more dollars per year than any administration in Maldivian history. Yet card limits, import strain, and FX rationing persist.
The question is no longer whether the state earns dollars. It's where they go?
PNC @malshasharyf & MDP @lucasjalyl are out here showing everyone what actual "political maturity" looks like.
It’s honestly embarrassing watching our so-called "senior" leaders act like high schoolers while cutting personal ties the second they face a difference in opinion.
Differing political views shouldn’t have to mean personal enmity.
👏👏👏
My initial thoughts after seeing this:
1. 206 projects worth MVR 3 billion are being financed by the Bank of Maldives ( at this point government). This money will be repaid with interest using public tax revenue.
2. Not a single one of these 206 projects brings in new money from outside the country. In fact, around 50–60% of that amount will leave the country to pay for imported materials and foreign labor.
3. Many of these projects ( such as classroom air-conditioning ) won’t generate any income. They’ll simply add to our expenses without contributing to the economy.
4. About 35–40% of every project’s budget will go toward purchasing materials that require USD. That’s roughly USD 60–70 million out of MVR 2.7 billion. Securing that much foreign currency at once will be a serious challenge.
An hour ago, Root cleared 20 million Camel cigarettes via airfreight to sell at higher prices later.
🔹Cleared 100 pallets tonight (out of 200).
🔹Each pallet 20 cases.
🔹Each case 50 cartons.
🔹Each carton 10 packs.
🔹Each pack 20 cigarettes.
Their business is flourishing.