An agreement to install an Automated Teller Machine (ATM) in Rasgatheemu, Raa Atoll, was finalised during a community meeting attended by President Dr Mohamed Muizzu, adding another island to the initiative to enhance financial accessibility across the Maldives.
The agreement was signed between the Bank of Maldives Plc. (BML) and the Rasgatheemu Island Council during President Dr Muizzu's visit to the island on Tuesday as part of his three-day tour of Raa Atoll.
BML's Director of Retail and SME Banking, Badhurudheen Hassan, signed the agreement on behalf of the bank, while Rasgatheemu Island Council President Mohamed Fazeen signed on behalf of the local council.
This initiative underscores the administration's commitment to ensuring that all inhabited islands are equipped with ATM services by the end of the year, specifically those currently lacking such facilities.
President Dr Muizzu’s administration launched the project to establish ATMs on all inhabited islands in November 2024, aligning with the broader objective of fortifying the financial empowerment of the people.
Currently, BML operates over 150 ATMs across 90 islands, with plans to install them on an additional 17 islands by March of this year.