The Bank of Maldives (BML) has officially launched its first USD ATM in Fuvahmulah City, marking a key milestone in President Dr. Mohamed Muizzu’s pledge to expand banking services across every island in the Maldives.
The inauguration ceremony was attended by President Dr. Mohamed Muizzu, several cabinet ministers, BML Chairperson Ahmed Ali Habeeb, CEO and Managing Director Mohamed Shareef, and senior officials of the Bank.
Speaking at the event, BML CEO Mohamed Shareef said the introduction of a USD ATM in Fuvahmulah demonstrates the Bank’s commitment to expanding financial accessibility beyond Malé. “We are proud to introduce a USD ATM in Fuvahmulah City, enhancing access to foreign currency services for the community to support both personal and business banking needs, while strengthening Fuvahmulah’s growing economic activity,” he said.
While BML already operates multiple ATMs and self-service banking facilities in the city, this is the first ATM offering U.S. dollar transactions, enabling customers to withdraw and manage foreign currency locally. The new facility will serve a vital role for traders, tourism workers, and residents who rely on foreign exchange for travel, remittances, and cross-border business.
The initiative aligns with President Muizzu’s national banking pledge to ensure financial inclusivity and equal access to services across all inhabited islands. It also complements BML’s broader expansion strategy, which includes 42 branches in all 20 atolls, 202 self-service banking centres, 260 ATMs, and comprehensive digital banking solutions.
Earlier this year, the Bank introduced similar USD ATMs in Addu City, expanding its foreign currency network to southern regions. With the Fuvahmulah addition, BML strengthens its position as the leading financial institution in the Maldives, advancing both economic development and customer convenience under the President’s island-focused development vision.
