The government has sent a supplementary budget of 1.7 billion Rufiyaa
. He said that the budget should be sent to a joint committee of the financial and the economic committee.
This will entail the reform of tax regulations for the benefit of such entities, exempting them from cumbersome duties and bureaucratic procedures detrimental to business; improving the quality of services provided to them by government and state-owned enterprises; and according higher priority to SMEs when the government announces project bids that involve less than 2.5 million rufiyaa
Maldivians who register for the Merana scheme will be eligible for a total coverage of 150,000 Maldivian Rufiyaa
for the treatment they receive at Ninewells Hospital, which includes 10,000 Maldivian Rufiyaa
for outpatient services.
Apart from the Maldivian rufiyaa
(fixed against the USD), all currencies in South Asia depreciated against the USD in 2018.
"The state coffers have lost several billions of rufiyaa
(local currency) due to embezzlement and corruption conducted at different levels of the government," Solih said.
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However, the timing of the impact on inflows and outflows could differ, implying a risk of a liquidity squeeze and debt servicing difficulties in the event of a loss of confidence in the rufiyaa
peg to the US dollar, and especially in the case of a prolonged disruption to tourism.
The official language is Maldivian (Dhivehi) and the Maldivian currency is Maldivian rufiyaa
Besides the Saudi government, the Saudi Arabian Muslim Scholars Association has also pledged a grant of 1.6 million Maldivian Rufiyaa
"to assist in the provision of Islamic education in the Maldives." These moves have been perceived as leading the Maldives towards becoming a theocratic state.
Waheed said that unrest has cost the atoll nation an estimated 180 million rufiyaa
Exchange rate (official peg): 12.8 rufiyaa
(MVR) = U.S.
The drugs seized were valued at Maldivian Rufiyaa
11 million ($830,000)