Bank of Maldives (BML) denied media allegations that it had reduced foreign currency limits on its cards, while a bank official confirmed the limits are under review due to currency restraints. The Ministry of Finance said no decision has been made and committed to work with the central bank and BML on improving card limits and foreign exchange rates.
Tracked MVR 15.42 Street dollar rate
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
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BML currently enforces a monthly limit of US$250 on its debit cards and US$750 on its credit cards.
Word for word from the report in Maldives Republic. Open the report
BML currently enforces a monthly limit of US$250 on its debit cards and US$750 on its credit cards.
Word for word from the report in Maldives Republic. Open the report
The official exchange rate stands at MVR 15.42 per US dollar; however, the black market rate typically exceeds this by MVR 2 or more.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave MVR 15.42 27 Jan 2024, 19:46 Maldives Republic
The official exchange rate stands at MVR 15.42 per US dollar; however, the black market rate typically exceeds this by MVR 2 or more.
Word for word from the report in Maldives Republic. Open the report