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STOP printing more money: IMF to Maldives

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STOP printing more money: IMF to Maldives

timestampOct 12, 2021 authorAlShorts Web Desk

The Maldives should not print more money if it wants to maintain its current exchange rate, the International Monetary Fund (IMF) advised the country. IMF added that the government should curtail spendings and raise funds from bonds if needed. Similarly, both Pakistan and Sri Lanka, which have printed excessive money after the pandemic-induced slowdown, are now struggling to stabilize their exchange rate.

Latest News

Almost 5M fatalities recorded due to COVID-19

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