MMA and RBI signs an MoU promoting use of local currencies in bilateral transections

This agreement establishes a framework to promote the use of local currencies—the Maldivian Rufiyaa (MVR) and the Indian Rupee (INR)—for bilateral trade and financial transactions.
In a significant move to enhance financial cooperation and simplify cross-border transactions, the Maldives Monetary Authority (MMA) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding (MoU)...
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Maldives National Debt 94,001,001,001.00 MVR for every single Maldivian

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