The Bank of Maldives (BML) has scheduled a board meeting today at 13:30 to reconsider its recent decision to suspend dollar transactions on MVR-linked Visa debit cards.

A government official confirmed to Voice that the government-owned bank will be discussing possible changes to the policy, which has drawn widespread attention and concern from customers.

Earlier today, BML announced the temporary suspension of all foreign transactions made with Visa debit cards linked to MVR accounts.

This means BML customers can no longer make international payments or withdraw cash from any POS or ATM outside the Maldives.

Additionally, the bank has slashed the credit card limit for overseas transactions to just USD 100.

As the situation unfolds, more details are expected to be released after the board meeting.