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.
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 ($11.8 million).
Exchange rate (official peg): 12.8
rufiyaa (MVR) = U.S.
The drugs seized were valued at Maldivian
Rufiyaa 11 million ($830,000)