The Bank of Maldives (BML) on Sunday afternoon reverted its earlier decision of suspending foreign transactions on debit cards.
The bank on Sunday morning announced it was suspending foreign transactions on existing and new debit cards as well as new credit cards linked to MVR accounts, and limiting the monthly usage to USD 100 on existing Standard and Gold credit cards.
The decision was met with widespread public criticism, especially from students in overseas universities.
The bank later said that it decided to revert the decision based on the instructions of the Maldives Monetary Authority (MMA).