BML Reverses Foreign Transaction Limits Following Regulatory Pressure
The Bank of Maldives (BML) has reversed its recent decision to suspend foreign transaction allowances on debit and credit cards...
Fayyaz Expresses Concerns Over Economic Fallout From BML’s Restriction on Dollar Transactions
Opposition leader and former Economic Minister Fayyaz Ismail has sharply criticised the Bank of Maldives’ recent decision to restrict foreign...
Analysts Warn of Economic Turmoil Following BML’s Halt on Dollar Transactions
Analysts are warning of severe economic repercussions following the Bank of Maldives’ (BML) decision to halt foreign transactions on cards...
Bank of Maldives Curtails Foreign Transaction Limits on Cards
The Bank of Maldives has announced immediate changes to its card limits for foreign transactions, citing an increase in foreign...
Fayyaz, Saeed Clash Over Economic Policy, Recovery Strategies
A political debate has erupted over the dismissal of Aishath Noordeen, the Deputy CEO of Bank of Maldives (BML), from...
BML to End Dollar Transactions on MVR-Linked Cards Amid Currency Shortage
The board of directors of the Bank of Maldives (BML) has decided to stop processing dollar transactions on cards linked...
Opposition Leader Criticises Government’s Influence Over BML Following Deputy CEO’s Removal
Opposition leader and former economic minister Fayyaz Ismail has criticised the government for what he describes as “undue influence” over...
BML Deputy CEO Aishath Noordeen Removed from Board
Aishath Noordeen, Deputy CEO of Bank of Maldives (BML), has been dismissed from the bank’s board of directors after 42...
Bank of Maldives Error Sends $77.3 Billion to Resort Employee
The Maldives National Bank, Bank of Maldives (BML), mistakenly deposited over $77.3 billion into the account of an employee at...
Black Market Dollar Soars Above MVR 18.20 Amid Supply Shortages
The black-market dollar rate has surged above MVR 18.20 per dollar, driven by a sharp rise in demand and dwindling...
