Amid tense ties, Maldives wants to settle payment for imports from India in local currency
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Maldives is in talks with India to make payments for its imports in Maldivian Rufiyaa. The move will mark a significant shift away from the dominant use of the US dollar in international transactions. Maldives imports goods worth USD 780 million and USD 720 million from India and China respectively. The aim is to ensure that goods imported from India could be paid for in Maldivian Rufiyaa. Efforts are underway to sign a currency swap agreement between Maldives and China.
https://www.businesstoday.in/latest/economy/story/amid-tense-ties-maldives-wants-to-settle-payment-for-imports-from-india-in-local-currency-425382-2024-04-13
Business Today /
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2024-04-13 05:07:45
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npub10krv5xyz57fwv0upm7fgx90w8m2xulqkzzxml2d9d433rwrlmwpsyffpj8Published at
2024-04-13 05:07:45Event JSON
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"content": "Amid tense ties, Maldives wants to settle payment for imports from India in local currency\n==========\n\nMaldives is in talks with India to make payments for its imports in Maldivian Rufiyaa. The move will mark a significant shift away from the dominant use of the US dollar in international transactions. Maldives imports goods worth USD 780 million and USD 720 million from India and China respectively. The aim is to ensure that goods imported from India could be paid for in Maldivian Rufiyaa. Efforts are underway to sign a currency swap agreement between Maldives and China.\n\n\n\nhttps://www.businesstoday.in/latest/economy/story/amid-tense-ties-maldives-wants-to-settle-payment-for-imports-from-india-in-local-currency-425382-2024-04-13",
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