Dollar Shortage
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NewsNasheed slams failed government policies pushing dollar rates
Former President Mohamed Nasheed criticized the Maldivian government's failed economic policies, noting that the rising dollar rate is causing severe hardship for students and businesses. He warned that the nation only avoided bankruptcy due to an Indian currency swap, while current enforcement measures have failed to curb the black market.
Business"No obstacles to conducting online transactions now"
Economic Minister Mohamed Saeed announced that Bank of Maldives has resolved previous obstacles to online transactions and e-commerce caused by the dollar shortage. The bank is also working to restore full capacity for telegraphic transfers and foreign currency issuance as the government manages unprecedented debt repayment obligations.
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BML caps monthly dollar ATM withdrawals at USD 3500
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No solution in sight for the US dollar crisis: Nasheed
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Nasheed calls on audit firms to disclose BML finances
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Businesses face challenges in securing dollar support from BML
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Dollar transfers will return to normal within next week: BML
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Expat wages must go through banks
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Home Minister issues more warnings over dollar crisis
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BML card limits average less than $60 per customer
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BML faces backlash as foreign transaction limits exhaust at reset
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BML admits challenges in processing TTs due to USD shortage
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BML imposes restrictions with USD 16 million limit for e-commerce
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Businesses face losses as TTs through BML take weeks to process
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Calls for Muizzu’s resignation as dollar crisis worsens
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Ex-Finance Minister blames wasteful spending for USD crisis
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Resort workers shouldn't pay for policy failures: TEAM
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USD crisis deepens as money changers close after warning
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"USD rate driven by criminal network of political opponents"
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