Shamheed: No Serious Government Plan to Address Rufiyaa’s Decline
16 އޯގަސްޓު 2026 | އާދީއްތަ 09:50MP Dr. Shamheed stated that while the MDP is ready to support government-proposed legislation to stabilize the Maldivian Rufiyaa, there is currently no evidence of a serious government plan to address the issue. He highlighted that the ongoing dollar shortage is posing significant challenges to the guesthouse industry and emphasized the importance of consulting with relevant sectors to find effective solutions to the nation's economic difficulties.
Dr. Ahmed Shamheed, Member of Parliament for the South Hulhumalé constituency, delivers his remarks during a session of the People's Majlis. | RaajjeMV
Dr. Ahmed Shamheed, the Member of Parliament for the South Hulhumalé constituency, has stated that there is no evidence of a serious government plan to address the ongoing depreciation of the Maldivian Rufiyaa.
During Sunday's parliamentary sitting, Shamheed stated that the MDP urges the government to work with sincerity to resolve the various challenges currently facing the nation.
Dr. Shamheed stated that they remain ready to cooperate with the MDP government to work towards that goal in good faith. He further noted that the value of the Maldivian Rufiyaa would not decline simply because the MDP failed to take action.
Dr. Shamheed stated that the MDP is prepared to support any bill necessary to address the ongoing devaluation of the Maldivian Rufiyaa. However, the member emphasized that the public must be informed of the government's specific and serious plan to resolve the issue.
Dr. Shamheed noted that there is currently no evidence of any serious government plan to overcome these challenges and resolve the issues.
The MDP’s only request is for a sincere commitment to resolving the challenges facing the nation. We stand ready to cooperate with the government in good faith to achieve this. The depreciation of the Maldivian Rufiyaa is not a result of inaction by the MDP. As the currency continues to lose value, we are prepared to support any necessary legislation to address the issue. However, the public deserves to know the government's actual strategy. As it stands, there is no evidence of a serious plan from the administration to navigate these crises or provide lasting solutions.Dr. Ahmed Shamheed
The Member noted that the guesthouse industry continues to face significant challenges today due to the country's ongoing economic issues, particularly the prevailing US dollar shortage.
Dr. Shamheed stated that as the government moves forward with relevant legislation through Parliament, it is crucial to consult with businesses within the industry and ensure their perspectives are incorporated into the process.
The devaluation of the Maldivian Rufiyaa and the ongoing dollar shortage are among the most significant economic challenges currently facing the Maldives. As the government and Parliament work to address these issues, there are growing public calls for swift and effective solutions to stabilize the economy.
