Will increase dollar reserve, lessen burden on public: Minister Shafeeq

Minister of Finance Dr Mohamed Shafeeq has said that in the coming days, there will be major changes to ensure dollar retention in the Maldives, but assured that these changes will be brought in a manner that does not burden the public.

Bank of Maldives yesterday announced changes to dollar transaction limits on their cash cards, with cards linked to Maldivian Rufiya accounts no longer being allowed to make any foreign transactions. This led to wide public outcry, including Maldivian students currently living abroad, those abroad for medicals and residents in the country itself.