INDIA AND MALDIVES CENTRAL BANKS AGREE TO BOOST TRADE IN LOCAL CURRENCIES

Reserve Bank of India (RBI) governor Shaktikanta Das (right) and Maldives Monetary Authority governor Ahmed Munawar signing a memorandum of understanding for establishing a framework to promote the use of the Indian rupee (INR) and the Maldivian rufiyaa (MVR) in Mumbai on Nov 22, 2024. -- Photo obtained from official X page of Maldives Monetary Authority