Five Foreigners Arrested for Black Market Dollar Sales
Authorities have arrested five foreigners involved in selling US dollars on the black market. A large amount of cash, including…
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…
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…
BML Revises USD Exchange Limits for Students
The Bank of Maldives (BML), with a view to address the decline in the availability of US dollars (USD) in…
Government Walks Back Decision to Raise Limit for Students Abroad, Acknowledges USD Shortage
The administration’s decision to increase the per month US Dollar (USD) withdrawal limits for students, with Bank of Maldives (BML)…