Economic reforms cannot be left off for the obstructions of a few people- Pres.

President Mohamed Nasheed has said that economic reforms cannot be left off because of the obstructions and hindrances by a few people.

Speaking at the rally of Maldivian Democratic Party (DRP) held at the Tsunami Monument area, President Nasheed said that the economic reform measures being taken by the government is necessary for the long term economic stability of the country.

The President said that MDP did not come to power to only change a dictatorship but also to reform the instable economy of the country and to provide a pure and prosperous environment to the people of Maldives.

“We cannot carry on our economy by the age old method of swapping money from one trunk to other as was done up until now. We have to follow the developed countries. We have to change and reform the economic policies of the country,” the President said.

He said until the government allowed the market forces to determine the exchange rate Rufiyaa against UD Dollar, value of Rufiyaa was set artificially and hence the market prices did not reflect the real value of goods and services.

The President said floating the currency, effectively devaluing Rufiyaa, has increased the income of fishermen and resort workers.