MALE, Maldives — The Bank of Maldives (BML) announced changes to its card limits for foreign transactions today, a move aimed at addressing the growing demand for foreign currency amid limited supply. The changes, which are effective immediately, restrict the use of existing debit and credit cards linked to Maldivian Rufiyaa (MVR) accounts for foreign purchases and significantly lower the monthly limit for standard and gold credit cards. Under the new regulations, existing debit cards and newly issued debit and credit cards linked to MVR accounts will no longer be permitted for foreign transactions. For standard and gold credit cardholders, … Continue reading Bank of Maldives Tightens Card Limits on Foreign Transactions Amid Rising Currency Concerns