We keep printing while the sea rises

We keep printing while the sea rises

Opinion ·
Sometimes I stand by the harbor and watch the money change hands. Not in the banks, but in the quiet transactions between friends, the way dollars move like whispered secrets. We all know the official rate, but we also know the real one — the one that lives in the gaps between what the government says and what our wallets feel. We run these huge deficits, year after year, like we're trying to fill the ocean with a teacup. The reserves get lower, the black markets get bolder, and we wonder why things feel so unstable. It's not complicated math — it's the simple arithmetic of living beyond our means, of printing money to paper over the cracks until the whole system feels like it's made of tissue. And now they talk about floating the currency, as if setting the Rufiyaa adrift in rough seas will somehow calm the waters. With our deficits? It feels like watching someone untie a boat during a storm, then acting surprised when it drifts away. The connection between cause and effect gets lost in political speeches, but we feel it in the rising cost of rice, in the way our salaries stretch thinner each month. What's strange is how normal this anxiety has become. We talk about black markets and currency shortages the way we talk about the weather — something inevitable, something to work around. There's a quiet resignation in how we adapt, finding ways to navigate an economy that feels increasingly like a house built on sand. Yet there's also this stubborn persistence. We keep going, keep finding ways to make things work despite the instability. Maybe that's the Maldivian way — not fighting the waves, but learning to swim through them. Even as the economic tide rises, we're still here, still trying to build something stable in the shifting sands.