Saeed evades question from citizen on why dollar rates remain high despite parliamentary election victory
Public criticism has intensified as the value of the dollar continues to surge despite the government holding a supermajority in Parliament.
Minister Saeed fails to provide answers to questions raised during visit to N. Velidhoo. | Social Media | Social Media
Minister of Economic Development and Trade Mohamed Saeed has evaded a question from a member of the public regarding why the dollar exchange rate has failed to decrease despite the government securing a parliamentary majority.
During the 2024 parliamentary election campaign, Minister Saeed assured the public that securing a legislative majority would strengthen the Maldivian Rufiyaa by 30 to 40 percent against the US Dollar. The Minister further stated that this would eventually result in the dollar exchange rate falling below the current official rate of 15.42.
During a press conference held at the President's Office last Tuesday, the Minister declined to answer a question from RaajjeTV regarding the escalating exchange rate of the US dollar. The inquiry highlighted that despite the government securing a 75-seat supermajority in Parliament several months ago, no effective solution has been implemented to address the rising cost of the dollar.
Instead, the Minister focused entirely on justifying why the government required a supermajority in Parliament at the time. He further emphasized the importance of consolidating the two elections and argued that voters should support candidates from the ruling PNC in the local council elections. He failed to provide any direct answer to the question posed.
