Minister: Indian tourists can soon pay in Rupees

1 day ago

Local currency settlement agreements between Maldives and India which will soon allow Indian tourists to pay for services in Indian Rupees, says Maldivian Finance Minister Moosa Zameer. In November 2024, the Maldives Monetary Authority (MMA) and the Reserve Bank of India (RBI) signed a Memorandum of Understanding regarding the use of local currencies for financial transactions between the Maldives and India. The