Bank of Maldives reported that US dollar sales through its Rufiyaa accounts rose 33.33 percent this year, averaging $81.6 million per month through August and totalling $653 million by end-August. Delays in processing dollar transactions over the past two weeks led to e-commerce limits, and the bank expects processing times to return to normal by the end of next week.
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with the volume of US dollars sold by the bank for overseas transfers increasing by 33.33 percent
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the bank sold an average of $81.6 million per month through August of this year
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Earlier reports gave USD 69 million 7 Jun MM TV (English)
By the end of August, a total of $653 million had been sold, representing an increase of approximately one-third compared to the same period last year
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the total volume is projected to reach nearly $1 billion by the end of the year
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Debit and credit card transactions: $38 million per month
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Telegraphic Transfer (TT): $27 million per month
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For Maldivians traveling abroad: $9.4 million per month
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For health and education purposes: $7.3 million per month
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