Bank of Maldives (BML) has announced its decision to ease the existing limits on foreign transactions for its cards before the end of this month. The bank stated that it is currently collaborating with the Maldives Monetary Authority (MMA) to implement favorable adjustments to the restrictions imposed last month due to the challenges in dollar liquidity. Although BML’s dollar sales during the first five months of this year saw a 47% increase compared to the same period last year, the bank continues to provide dedicated limits for essential requirements such as travel, education, and medical purposes.
