The Maldives Police Service launched an investigation into allegations that the opposition attempted a coup after Bank of Maldives announced on Sunday that it would suspend foreign transaction allowances on cards linked to MVR accounts. BML reversed the decision hours later following instruction from the Maldives Monetary Authority.
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.
In a brief statement released on Sunday afternoon, the bank announced: “Changes to card limits for foreign transactions announced on 25th August 2024 have been reversed based on instruction from our regulator, the Maldives Monetary Authority.”
Word for word from the report in Maldives Republic. Open the report
Changes to card limits for foreign transactions announced on 25th August 2024 have been reversed based on instruction from our regulator, the Maldives Monetary Authority.
There is reason to believe that the opposition's actions following BML's decision, which was made contrary to the Muizzu administration's instructions, constituted an attempt to overthrow the legitimate government
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Additionally, it reduced the monthly foreign transaction limit for existing Standard and Gold credit cards to US$100.
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave USD 100 25 Aug, 17:35 Maldives RepublicUSD 100 25 Aug, 17:29 Maldives Republic
Following pressure from the Maldives Monetary Authority (MMA), hours after the first announcement, the BML reversed its decision to suspend foreign transaction allowances on its debit and credit cards.
Word for word from the report in Maldives Republic. Open the report
