Bank of Maldives (BML) sold a total of $672.5 million to its customers last year, marking a significant 70% increase compared to the previous year. This figure includes $175 million allocated to businesses and $390 million for card limits, alongside foreign currency provided for travelers and Umrah pilgrims. Notably, following a 50% increase in the allocation for Telegraphic Transfers (TTs), the volume of US dollars sold through this channel quadrupled. These efforts represent substantial progress in meeting customer demand for foreign currency related to travel, education, and healthcare needs.
