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MALDIVES MONETARY AUTHORITY
India approves Rs 30 billion for Maldives under SAARC currency swapIndia has approved a Rs 30 billion currency swap for the Maldives. This reaffirms New Delhi's role as a key financial partner. The Maldives...- India eases Maldives' debt, pledges approximately Rs 4,850 crore credit lineDuring Prime Minister Modi's visit to Male, India extended a $565 million Line of Credit to the Maldives and eased debt repayment terms, si...
- 'Maldives people should be able to use UPI as technical work concludes,' Foreign Secretary Misri saysMisri, while addressing a special briefing by the Ministry of External Affairs on Prime Minister's visit to Maldives said that Network-to-N...
- India 'satisfied' with $400 million currency swap that boosted Maldives' FX reservesIndia expressed satisfaction over the USD 400 million currency swap with Maldives, which boosted the island nation's foreign exchange reser...
- RBI permits settlement of trade transactions with Maldives in local currenciesReserve Bank of India announced that bilateral trade transactions with Maldives can now be settled in Indian Rupees (INR) and Maldivian Ruf...
- Maldives may be heading for debt default akin to Sri LankaMaldives faces potential debt default similar to Sri Lanka, with critical foreign reserves depletion and a substantial debt burden. The gov...
- China's lending practices push Maldives toward sovereign defaultThe Maldives faces a severe debt crisis, exacerbated by external debts and unfavorable trade terms with China. With dwindling foreign reser...
- Buy now pay later, credit card spending reducing savings of youth: RBI Deputy GovernorRBI Deputy Governor warns of decreased savings due to BNPL and credit card usage. These trends challenge monetary policy. Digital financial...
- RBI, Maldives Monetary Authority sign pact to promote use of local currenciesThe Reserve Bank of India and the Maldives Monetary Authority have signed an agreement to allow cross-border transactions using the Indian ...
- President Muizzu introduces UPI payment service to boost Maldivian economyMaldives President Mohamed Muizzu has taken steps to introduce India's UPI for enhancing the country's financial ecosystem, involving entit...
- Maldives: President Muizzu decides to introduce UPI in MaldivesThe Maldives will introduce India's Unified Payment Interface (UPI) to boost its digital and financial infrastructure. President Mohamed Mu...
- Dollar-starved Maldives notifies new foreign currency rulesMaldives has introduced new rules requiring all foreign currency earnings from the tourism sector to be deposited in local banks. The regul...
- Yaarana jaari rahega: Watch foreign secy Vikram Misri's Bollywood-inspired response to describe India-Maldives tiesForeign Secretary Vikram Misri expresses the enduring friendship between India and the Maldives amid President Mohamed Muizzu's state visit...
- RBI, Maldives Monetary Authority ink $400 mn Currency Swap Agreement; India to provide Rs 30 bn under INR swap windowThe Reserve Bank of India signed a Currency Swap Agreement with the Maldives Monetary Authority. Maldives will receive up to USD 400 millio...
- Maldives comes back to India, after rubbing shoulders with the DragonMaldives President Mohamed Muizzu, a pro-China leader is on his first bilateral visit to India since taking office, seeking to repair relat...
- India ready to give Maldives aid as sukuk default risk loomsIndia is prepared to offer the Maldives emergency financial support to address its financial challenges, including a potential sukuk defaul...
- Jaishankar assures Maldives that it remains India's important partner in maintaining stability in Indian Ocean regionS Jaishankar, India's External Affairs Minister, wrapped up an important visit to the Maldives, highlighting its role as a key partner. He ...
- RBI Guv expresses optimism about COVID situation following roll-out of vaccinesDas led the discussions on progress made under the SAARCFINANCE initiatives, achieved with the all-round cooperation of the SAARC central b...
- RBI Guv Shaktikanta Das chaired SAARC FINANCE Governors’ Group, member nations discussed current initiativesSAARCFINANCE is a network of central bank governors and finance secretaries of the SAARC region. The Reserve Bank of India is the current c...
- SBI not to extend fresh loans and investments in Maldives due to political turmoilSBI's three branches enjoy a dominant position in Maldives, holding a quarter of its deposits and 42% loans.
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