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BML Accused of Misleading Cardholders Over Foreign Transaction Limits
The Bank of Maldives faces criticism over statements by its spokesperson that the monthly foreign transaction limit on MVR-linked debit cards stayed at USD 250 all year, which contradicts the bank's own 30 June announcement raising the limit to USD 500. Cardholders and critics say the limit has effectively been cut back to USD 250 without a clear public announcement, alongside a widely criticised 30 percent fee on payments to platforms such as Temu and SHEIN.
Sources1carried itMR1 of 19 news outlets we monitor
Figures4as written, with their sentences
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.
What happened
in order; days are read from the reports' words and dates
Mon 30 JunBML publicly announced an increase in the monthly foreign transaction limit on MVR-linked debit cards from USD 250 to USD 500.On 30 Juneonly Maldives RepublicOn 30 June, BML publicly announced that it had increased the monthly foreign transaction limit on MVR-linked debit cards from USD 250 to USD 500.
Word for word from the report in Maldives Republic. Open the report
How the reporting differs
one source so far
Maldives RepublicNews outlet
BML Accused of Misleading Cardholders Over Foreign Transaction Limits
USD 250 Monthly foreign transaction limit on MVR-linked debit cards (current, as cardholders report)
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
USD 250Monthly foreign transaction limit on MVR-linked debit cards (current, as cardholders report)Maldives RepublicIn recent weeks, cardholders say they are no longer able to make foreign transactions exceeding USD 250 per month, effectively restoring the earlier limit without a clear public announcement.
Word for word from the report in Maldives Republic. Open the report
USD 500Monthly foreign transaction limit on MVR-linked debit cards (announced increase)Maldives RepublicOn 30 June, BML publicly announced that it had increased the monthly foreign transaction limit on MVR-linked debit cards from USD 250 to USD 500.
Word for word from the report in Maldives Republic. Open the report
30 percentFee on MVR card payments to selected international shopping platformsMaldives RepublicBML imposed a 30 percent fee on MVR card payments made to selected international shopping platforms, including Temu, SHEIN, Alibaba, AliExpress, Lazada and eBay.
Word for word from the report in Maldives Republic. Open the report
USD 20 millionEstimated monthly cost to the bank of transactions on the listed platformsMaldives RepublicSources familiar with the matter estimate that transactions on these platforms were costing the bank around USD 20 million per month.
Word for word from the report in Maldives Republic. Open the report