Dollar Shortage? Minister Saeed Has a Song for That

MALE’ — The dollar is scarce. The black market rate has crossed MVR 20. Importers are struggling, small businesses are quietly suffocating, and the ordinary Maldivian trying to send a child abroad for education or pay a foreign supplier is running into walls. But do not worry. The Economic Development Minister has an explanation. It is the same one he had last month. And the month before that. Mohamed Saeed stood in Majlis on Monday and, with the confidence of a man who has rehearsed this particular number many times, delivered his answer to the dollar crisis: it is the … Continue reading Dollar Shortage? Minister Saeed Has a Song for That