The Reserve Bank of India( RBI) and the Maldives Monetary Authority( MMA) have signed a Memorandum of Understanding( MoU) to establish a framework for promoting the use of local currencies—Indian Rupee( INR) and Maldivian Rufiyaa( MVR) —for cross-border transactions....
The MoU was signed by Shaktikanta Das, governor, RBI, and Ahmed Munawar, governor, Maldives Monetary Authority....
Last year, the RBI signed a similar agreement with the Central Bank of the UAE in Abu Dhabi....
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2024-11-21 00:00:00.0