Central bank Maldives Monetary Authority (MMA) has issued a statement today saying that although there are challenges in managing Bank of Maldives (BML)'s card transactions, the bank remains in a stro...
Minister of Economic Development and Trade Mohamed Saeed has stated the Bank of Maldives (BML) issued US dollar transaction limits contrary to directives of President Dr. Mohamed Muizzu.
The initial m...
The Maldives Monetary Authority (MMA) has stated the recent reversal of US dollar transaction limits by the Bank of Maldives (BML) was necessary, as the changes would not have had a positive long-term...
The Bank of Maldives' (BML) decision, on Sunday limiting foreign transactions, was made against the instructions of President Dr. Mohamed Muizzu, the government said.
As per the board of directors' d...
Bank of Maldives (BML) has reversed its decision announced earlier today to further limit foreign transaction limits imposed on its credit and debit card users.
"Changes to card limits for foreign tra...
Bank of Maldives (BML) has announced the reversal of the US dollar transaction limits that were announced earlier. The decision comes after the bank's regulatory authority, Maldives Monetary Authority...
The Maldives’ national bank has reversed its decision to suspend foreign transactions on cards linked to MVR accounts; a move that came within hours of implementing the changes - which met with massiv...
The US dollar rate in the black market rose sharply on Sunday, reacting to the decision by the Bank of Maldives (BML) to either suspend or drop the monthly limit for foreign transactions for bank card...
Bank of Maldives (BML) has announced the suspension of foreign transaction allowances for cards linked to Maldivian Rufiyaa (MVR) accounts.
The bank said that this change was brought in response to th...
The Bank of Maldives (BML) has suspended the allowance for foreign transactions for debit cards linked to MVR accounts and reduced the monthly limit for standard and gold credit cards to USD 100 - in...
