US Dollar sales by Bank of Maldives (BML) increased by 70 per cent in 2025 to USD 565 million, CEO and Managing Director Mohamed Shareef said, reflecting increased foreign currency availability for both individuals and businesses.

Speaking to State media, MD Shareef said the bank facilitated the sale of dollars to support personal and commercial needs, while also recording a net profit after tax of MVR 2.5 billion for the year, marking a 9.8 per cent increase compared to the previous year.

He added that foreign transactions conducted through BML cards, including ATM withdrawals, point-of-sale payments and e-commerce, reached USD 524 million, representing a significant increase year-on-year, as usage of digital and card-based payments continued to grow.

MD Shareef also noted that access to foreign currency for businesses had been expanded, with telegraphic transfer allocations increased from five per cent to 50 per cent, alongside the disbursement of MVR 10 billion in new loans and financing , the highest issued in a single year, to support individuals, SMEs and key sectors of the economy.