BML MD, Mohamed Shareef
3 articles
BusinessBML fixes a daily budget for e-commerce sites
Bank of Maldives has introduced a daily budget limit and a 30-transaction monthly cap for Rufiyaa cards on e-commerce sites like Temu and Shein. The measures aim to curb excessive dollar outflow caused by commercial use of personal cards. This policy ensures foreign currency remains available for essential needs and more equitable distribution.
BusinessBML admits controls on USD sales to firms
Bank of Maldives has introduced new controls on US dollar sales for business transfers to prevent entities from exploiting the system.
