maldives, Maldives President Mohamed Muizu has accused the opposition of plotting an economic coup. Muizu says strict action will be taken against those plotting to topple his government.
According to reports, on Sunday, state-owned Bank of Maldives banned foreign transactions from existing and new debit cards linked to MVR accounts. Along with this, the monthly limit of standard and gold credit cards has also been reduced to $100.
However, the decision was withdrawn within hours. Muizu told a meeting of the ruling People's National Congress on Monday night that as soon as he became aware of the situation, he worked with his ministers to find a solution to the bank issue.
The bank's decision was against his advice. Despite his order, the decision of the Bank of Maldives was announced. It is now being investigated. President Muizu said that a select few attempted an economic coup as part of an overall strategy.
Whatever has happened here, the whole matter will be understood after a little thought. This was, without a doubt, an attempted coup. He said many people have questioned why the government-controlled bank took such a decision. But they do not know that the government does not have a majority in the board of directors of BML. Currently there are only four government directors.
The remaining five directors are not associated with the government so we do not have a majority. We have nominated two directors. But their appointment will take a few weeks.
Meanwhile, the chairman of the main opposition Maldivian Democratic Party, Faiyaz Ismail, said the development showed that a coup was being attempted in President Muizzou's government. External forces do not appear to have played a role in this. However, he rejected Muizu's accusations of accusing the opposition of a coup and said the problem lies with the government itself. Something is happening inside.
We may see a coup in the next few days. He said that when a head of state alleges that a bank he controls has conspired with the opposition, that is a big allegation against the Bank of Maldives. Let us tell you that Muizu is known for its pro-China stance. He was sworn in as President in November last year.SS1MS
