Maldives became poor! Muizzu’s arrogance vanished, he did not have enough money to meet his expenses

Maldives became poor: Currently, Maldives is going through a serious economic crisis. According to the Maldives Monetary Authority, the country’s official dollar has reached its lowest level in the last decade. The Maldives government has withdrawn 113 million dollars from its foreign exchange reserves last month. Experts said that Maldives has become poor due to the wrong policies of President Mohammad Muizzu. Muizzu is considered a pro-China leader. As soon as he became the President, he implemented policies supporting China and was hell-bent on making India his enemy.

The Maldives Monetary Authority has said that by the end of July, the foreign exchange reserves of Maldives were 395 million dollars, while at the end of June this amount was 509 million US dollars. According to the information given on the website of the authority, the foreign exchange reserves of Maldives have never been so low since February 2014. With the change in the total reserve, the current foreign reserve has decreased. According to the report, the reserve used till last month was 43 million dollars, while this amount is very less for the total export of Maldives in a month.

Maldives trying to hide its poverty
Experts say that the Maldives government is trying to hide its poverty from the public. The government has not yet commented on this issue. The Maldives government is trying its best to hide its poverty and not make the information public. The Maldives Finance Ministry recently requested a closed-door meeting with the Public Accounts Committee of the Parliament. The government’s medium-term fiscal and debt policy was to be discussed in this meeting.

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