Bank of Maldives
118 articles
Latest
ReportWho is watching our dollars? A question for the regulator
Bank of Maldives customers face severe dollar shortages and withdrawal limits, raising concerns about the bank's liquidity. While the bank cites unsustainable outflows, the public is questioning the Maldives Monetary Authority’s silence. As a regulator, the MMA is expected to provide transparency and ensure the banking system remains stable.
BusinessBML caps monthly dollar ATM withdrawals at USD 3500
Bank of Maldives has capped monthly dollar ATM withdrawals at $3,500 per customer to address currency shortages and promote digital banking. While cash withdrawals are restricted, daily card transaction limits remain at $1,600. The bank aims to reduce cash reliance by encouraging the use of its mobile and internet banking platforms.
Business
Mihad and Sahar removed from MACL board
News
"Formed FX company due to receiving income in dollars"
News
Currency exchange company under Falah's name
Business
BML fails to resolve USD transfer and TT issues despite deadline
Business
BML announces 12-story office building in Malé
Report
Fed rate hike will exacerbate dollar crisis in Maldives
News
Project to build international bowling arena in Hulhumale'
News
Nasheed calls on audit firms to disclose BML finances
Business
Businesses face challenges in securing dollar support from BML
Business
Dollar transfers will return to normal within next week: BML
Business
BML denies funding $50 million debt repayment to SBI
Business
Businesses allege BML is blocking USD transfers
Business
BML TT delays threaten businesses and international trade ties
Business
BML prioritizes Islamic banking for new accounts and loans
Business
BML card limits average less than $60 per customer
Business
BML faces backlash as foreign transaction limits exhaust at reset
Business
Businesses face losses as TTs through BML take weeks to process
News