ADK decides to raise service charges with the current raise in Dollar exchange rate

ADK Hospital has decided to raise the service charges of the hospital with the government’s raise in the US Dollar exchange rate.

Speaking to Miahdu Daily, the hospital’s Managing Director, Ahmed Afaal said that the management decided to raise the service charges with an increase between 5 to 15 percent.

Afaal said that the purchase cost of the hospital has escalated with the raise in foreign exchange rate of US dollars.

The MD of ADK hospital assured to decrease the charges if the exchange rate of US Dollars stabilizes.

Earlier this month, President Mohamed Nasheed, in one of his weekly radio address expressed optimism of an early stabilizing the exchange rate below the median of the band of fluctuation allowed for the exchange rate of Rufiyaa against US Dollar. He also said the government was confident of an expeditious fall in the prices of goods and services as the exchange rate stabilized.

He said it was clear that floating the exchange rate have not resulted in a significant shake up or a worrying fluctuation in the market despite rumors.

¨This is because businesses have been calculating the value of dollar higher than the median of the band allowed [for dollar to trade] from months back,” he added.