The Bank of Maldives (BML) has stated that while they have made record USD sales to customers in the last two and a half years, the highest sales have been towards MVR card transactions, with USD 500 million being sold for said transactions in the last five years.

While BML sees the most USD sales toward MVR card transactions, 65 percent of the MVR card transactions stem from e-commerce transactions via online businesses.

An average of USD 39.3 million is sold monthly for MVR account transactions, with BML stating USD 25.5 million from the average is toward e-commerce websites.

While USD sold for MVR cards have increased exponentially, the last 30 months have seen USD 143 million being sold for medical treatment and education purposes. The bank sold USD 4 million per month in 2024 for medical treatment and education, with USD 5 million being sold per month in 2025. In 2026, the bank is selling USD 5.8 million per month. Dollar sales for education and medical treatment are increasing yearly.

The second highest sale comes from TT transactions. The bank has sold USD 422 million for TT transactions in two and a half years, which is a 43 percent increase.

The bank has sold USD 264 million in the last two and a half years for overseas travel, which is a 70 percent increase.

From January 2024 to June 2026, the bank sold USD 1.7 billion. This is 77 percent higher than two and a half years before 2024. And two and a half years before that, BML sold USD 741 million to customers.

Monthly foreign currency sales have increased by four times over the last five years. In 2021, an average of USD 21 million was sold per month, with USD 80 million being sold monthly in the first six months of 2026.

In the last five years, the bank has sold USD 2.7 billion to various parties seeking services.