Bank of Maldives has capped dollar ATM cash withdrawals at $3,500 a month from today. The daily limit remains $1,600. BML said the new monthly cap is meant to encourage digital payments over cash use.
President inspected the Thilafushi port shift, saying work is progressing well with agencies and foreign partners. He thanked staff and reaffirmed a fully equipped port by November next year, with 100 metres of quay wall.
The Government says Eagle Hills’ Ras Malé development could generate over USD 11 billion in State revenue, alongside USD 30 billion in foreign investment, 54,000 jobs and major tourism and housing benefits.