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President Nasheed warns that obligation to repay a $50 million debt to India could jeopardize the import of essential commodities

Former President Nasheed has warned that the Maldives' usable foreign currency reserves are set to plummet following the mandatory repayment of a $50 million bond to India. This decline raises significant concerns over potential difficulties in importing essential goods and poses a serious threat to the nation's overall financial stability and international credit rating.