The national bank, Bank of Maldives have assured all customers that the bank would take all steps and work to resolve the issue of USD liquidity by ensuring availability of dollars for important purposes.
Tim Sawyer, the bank’s CEO, speaking at the annual general meeting held virtually highlighted the negative impact due to the pandemic on the tourism sector has affected USD liquidity and added that despite setbacks the bank would work to resolve the issue.
BML has issued MVR 600 million in loans under the COVID-19 schemes.
