President decides to increase monthly USD limit on BML Credit Cards

President Dr. Mohamed Muizzu has announced that the monthly dollar transaction limits on Bank of Maldives (BML) credit cards will be increased, effective 1 February 2026.

This adjustment, part of the administration’s broader efforts to ease foreign currency restrictions, will see substantial changes across all major card types.

Under the revised limits, the monthly cap for Classic cards will rise from USD 750 to USD 1,400, for Gold cards from USD 750 to USD 1,500, and for Platinum cards from USD 1,500 to USD 2,000.

The announcement comes as part of what the president has described as ongoing government efforts to gradually expand access to foreign currency for individuals. The change was revealed via a post on the president’s official ‘X’ account.

This development follows a separate announcement made a day earlier regarding long-awaited public sector salary adjustments. As part of the government's pay harmonization efforts, the president confirmed that all civil service employees, judiciary staff, and council members who have not yet received a salary adjustment will see their salaries increased from 1 November 2025.

Muizzu reiterated that this commitment aligns with statements made in his 2025 Presidential Address, where he pledged that all public sector employees yet to receive a salary increase would benefit from revised pay structures by 2026.

While the administration moves forward with these economic and fiscal measures, political tensions continue to build. The main opposition party is organizing a large-scale demonstration scheduled for October 3. The protest is expected to highlight public frustration over what the opposition describes as government mismanagement, erosion of citizens’ rights, and the rising cost of living.