Former President Mohamed Nasheed has called for more transparency in matters related to the state's financial situation.
In a post on X, the former Speaker of Parliament said the political leaders shoulder a great responsibility at this critical time.
"The people should be informed in clear terms how the financial situation has reached this point, what is expected to happen next and what is planned to be done to overcome it," Nasheed said.
The Bank of Maldives (BML) blocked dollar transactions with Rufiyaa cards and reduced the limit of previously issued credit cards to USD 100 starting today.
"These changes are effective immediately and are in response to the escalating usage of foreign currency spend on cards and the static sale of foreign currency to the Bank," the national bank stated.
The decision has sparked concern as Maldivian students studying abroad and those seeking medical treatment overseas face sudden difficulties.
