Maldives, India sign MoU to facilitate local currency transactions

Maldives Monetary Authority (MMA) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) to facilitate the use of their respective currencies for transactions between the Maldives and India.

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MMA and RBI sign MoU -- Photo: MMA

Malika Shahid

2024-11-22 14:14:48

Maldives Monetary Authority (MMA) and the Reserve Bank of India (RBI) have signed a Memorandum of Understanding (MoU) to facilitate the use of their respective currencies for transactions between the Maldives and India.

The agreement was signed by MMA Governor Ahmed Munawar and RBI Governor Shaktikanta Das.

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