Sarvash Adam, who resigned from the Pension Office board as the representative for private businesses, has issued a sharp warning over the government’s proposed MVR 2.4 billion “dual‑currency” bond. He says the Maldives Monetary Authority cannot explain why the transaction will not increase inflation or expand the money supply. The Finance Ministry wants the pension fund to invest in a bond that pays returns in both Maldivian rufiyaa and US dollars. The Pension Office says the plan will build foreign exchange reserves inside the fund without buying dollars from the market. It also argues that the deal will convert short‑term … Continue reading Maldives Faces Rising Tensions as Ex‑Pension Board Member Warns of Inflation Risks From MVR 2.4 Billion Bond Plan