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Foreign Currency
7 foreigners detained for selling dollars on black market
Immigration said the aim is to expand these operations in the future and find a quick solution to the problems surrounding illegal immigrants.
15 March 2024
Govt set to fail on pledge to boost card dollar limit
BML on Wednesday said it is still in discussions with the Ministry of Finance to increase the dollar transaction limit on its cards.
31 January 2024
Usable reserves hike to MVR 151m
Reserves have been declining since May this year and this is the first time the reserve has gone up since then.
7 October 2023
Nazim vows to mandate 60% dollar exchange with local banks
Nazim, who served as Defense Minister in former President Abdullah Yameen's government, said he was concerned about Maldives's foreign policy.
31 July 2023
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Maldives tourism braces for worst off-season in years
According to some traders, with the off-season, the blackmarket rate of USD will likely reach MVR 18.
29 May 2023
Black market dollar purchase can be in tax statement: Ameer
"The result is that businesses are losing money, the price of commodities in the market has gone out of hand and people's pockets are poor".
8 March 2023