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India, Maldives ink $400 million, Rs 30 billion Currency Swap Agreement

The Reserve Bank of India signed a Currency Swap Agreement with the Maldives Monetary Authority. Maldives will receive up to USD 400 million and Rs 30 billion. The agreement is valid until June 18, 2027. This move will help the Maldives manage foreig


  • Oct 09 2024
  • 8
  • 348 Views
India, Maldives ink $400 million, Rs 30 billion Currency Swap Agreement
India, Maldives ink $400 million, Rs 30 billion Currency Swap Agreement
The Reserve Bank of India on Monday entered into a Currency Swap Agreement with the Maldives Monetary Authority (MMA) under the SAARC Currency Swap Framework 2024-27.The MMA is eligible for financing… [+1886 chars]

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