Fake US Dollars sold in Maldives' black market

Police cautions public on the purchase of US Dollars from unauthorized parties on Wednesday as reports of sale of fake Dollars have increased.

They said there has been an increase of the sale of forged US Dollars through messaging communities such as Viber and other social media platforms platforms. These communities advertise themselves as offering money exchange services, and that police were currently investigating such cases as well.

These transactions are conducted by talking to people wishing to purchase Dollars privately once they express interest in the community. The money changes hand when they meet in person, often in places visited by few people.

Foreign exchange via unauthorized parties is a widely practiced business in Maldives.

However, due to the sale of fake Dollars, the police have urged to conduct such transactions via authorized channels only. They also urged the public ensure they have received valid notes as well.