Dollar Shortage

123 articles

Latest

Nasheed calls on audit firms to disclose BML finances

Former President Mohamed Nasheed has urged international auditors to reveal the Bank of Maldives' true financial state amid a severe dollar shortage. He alleges the government used customer deposits to pay sovereign debt, leaving the bank unable to process withdrawals. Businesses and the public continue to face major transaction hurdles.

1 day ago

Business

Businesses face challenges in securing dollar support from BML

Bank of Maldives has notified businesses that dollar support for transfers is now strictly subject to availability. Importers face automatic cancellations if accounts lack full invoice amounts, as the bank struggles with a severe foreign exchange shortage. Business owners report receiving zero support and no prior notice of these changes.

2 days ago

Business

Latest

Nasheed calls on audit firms to disclose BML finances

Businesses face challenges in securing dollar support from BML

Dollar transfers will return to normal within next week: BML

Expat wages must go through banks

Home Minister issues more warnings over dollar crisis

BML card limits average less than $60 per customer

BML faces backlash as foreign transaction limits exhaust at reset

BML admits challenges in processing TTs due to USD shortage

BML imposes restrictions with USD 16 million limit for e-commerce

Businesses face losses as TTs through BML take weeks to process

Calls for Muizzu’s resignation as dollar crisis worsens

Ex-Finance Minister blames wasteful spending for USD crisis

Resort workers shouldn't pay for policy failures: TEAM

USD crisis deepens as money changers close after warning

"USD rate driven by criminal network of political opponents"

MMA moves to ban USD salaries

Authoritarian policies won’t fix USD shortage: Inaz

Commodity prices will not fall by the end of this year: Yameen

Black market dollar rate hits record MVR 22.45

BML boosts USD supply for TTs for three weeks