MoU with India for transactions in local currencies

1 day ago

The central banks of Maldives and India, Maldives Monetary Authority (MMA) and Reserve Bank of Maldives (RBI) have signed a Memorandum of Understanding (MoU) to establish a framework promoting the use of respective local currency in bilateral transactions. The MoU was signed in India’s Mumbai on Friday by MMA’s Governor Ahmed Munawar and RBI’s Governor Shri Shaktikanta Das. According MMA, the MoU