Maldivian President accuses opposition of financial coup after BML suspends transactions, police investigate.

Maldivian President Mohamed Muizzu accuses opposition of attempting "financial coup" after Bank of Maldives (BML) suspends foreign transactions and lowers credit card limits. Police launch an investigation into alleged coup attempt after BML's decision sparks public unrest. Opposition party denies accusations and suggests issue is a result of internal conflict within the President's administration. BML reverses decision following pressure from the Maldives Monetary Authority.

August 27, 2024
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