Dollar Shortage
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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.
NewsNo solution in sight for the US dollar crisis: Nasheed
Former President Mohamed Nasheed warns that the Maldives' dollar crisis remains unresolved as exchange rates climb and businesses struggle to import goods. Despite government mandates for resorts to convert foreign currency, Nasheed claims these measures have failed to provide relief, leaving the public to bear the economic burden.
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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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MMA moves to ban USD salaries
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Authoritarian policies won’t fix USD shortage: Inaz
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