Exchange Rate

De-dollarization alone not the solution

5 min read
Most economists are skeptical whether recently announced government's de-dollarization policy can actually solve the exchange rate issue in the Maldives without taking steps to resolve the major fundamental disequilibrium in...

Asia this week: 17 – 23 June 2021

2 min read
Bangladeshi Foreign Minister AK Abdul Momen criticises nations for stipulating conditions for vaccines supplies to other countries and for hoarding COVID-19 vaccines.

Capital control not the answer

5 min read
The Maldives had a free-floating exchange rate between 1987 and 1994, and the exchange rate of US dollars (USD) in terms of Rufiyaa (MVR) ranged between MVR8.50 and 11.50. In...