Feb 1, 2011
Dollar Transaction ...
A guy buying US dollars from an expatriate lady near Majeedhi Magu ATM.
Maldives is in crisis; shortage of foreign currency.
It has become almost impossible to buy US Dollars from the banks.
If you want to buy a few hundred dollars and you are in no rush, you can most probably buy them off friends who work in the tourism sector who gets paid in US Dollars. Buying rate probably would not change.
If you want a few thousand, you may have to go deep a bit and buy it on the black market. Buying rate would definitely be higher.