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Maldives' economic recovery to take 2 years: President
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IANS | 05 Feb, 2021
Maldivian President Ibrahim Solih said that it would take up to two
years for the island nation to revive its pandemic-hit and
tourism-dependent economy,
The president made the remarks when he
delivered an address Thursday marking the reconvening of the Maldives'
Parliament, Xinhua news agency reported on Friday.
Solih highlighted the continuing challenges of the Covid-19 pandemic and the way forward in his speech.
"We
established a treatment system, trained a total of 362 health workers,
and today, we are capable of carrying out more than 5,600 Covid-19 tests
a day," he said.
The President urged citizens to register for
vaccinations in order to speed up the process of restarting businesses
and schools. He noted the relief given to workers and businesses amid
the pandemic in the form of subsidies and low-interest loans.
He
said it would take up to two years to revive the tourism-dependant
economy, which has been one of the most affected sectors by the
pandemic.
"In order to recover as soon as possible, the
government has begun working on diversifying the economy and
significantly boosting our economic activity," Solih said.
The Maldivian Parliament will hold its first sitting for this year on February 8.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
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₹95.3
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₹93.6 |
UK Pound
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₹127.7
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₹123.7 |
Euro
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₹110.65
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₹106.9 |
| Japanese
Yen |
₹59.75 |
₹57.9 |
| As on 24 Jun, 2026 |
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