Hulhudhuffaaru, Raa Atoll on Wednesday signed agreements with Bank of Maldives Plc. (BML) and Maldives Islamic Bank (MIB) to install Automated Teller Machines (ATM) on the island.
During a community meeting attended by President Dr Mohamed Muizzu on his visit to the island on Wednesday, separate agreements were signed between Hulhudhuffaaru Island Council and the two banks.
This initiative underscores the administration's commitment to ensuring that all inhabited islands are equipped with ATM services by the end of the year, specifically those currently lacking such facilities.
BML's Director of Retail and SME Banking, Badhurudheen Hassan, signed the agreement on behalf of BML, while Hulhudhuffaaru Island Council President Mohamed Athif signed on behalf of the local council. The agreement to establish the MIB ATM was signed by the bank’s Managing Director, Mufaddal Idris Khumri.
During President Muizzu’s ongoing tour of Raa Atoll, three other islands including Vaadhoo, Rasgatheemu and Angolhitheemu have penned deals with BML to install ATMs on the respective islands.
President Dr Muizzu’s administration launched the project to establish ATMs on all inhabited islands in November 2024, aligning with the broader objective of fortifying the financial empowerment of the people.