Maldives Police Service has warned people to beware of a massive scam on social media claiming to sell dollars.

Police said they have noticed an increase in fraud and extortion through social media platforms claiming to sell dollars.

Therefore, police have asked people to deal with reliable and legally authorized persons in foreign exchange transactions.

The problem of selling dollars on the black market has increased due to the shortage of dollars in the Maldives in recent times.

As a result, the number of scams in the name of buying foreign currency has increased in communities such as Telegram, Facebook and Viber.

In addition, cases of selling counterfeit dollars have also surfaced recently.

Illegal foreigners are mostly involved in selling dollars on the black market.

Five foreigners were arrested last week for selling dollars on the black market.