Currency Swap Agreement Between RBI and Maldives: $400 Million Deal for Economic Stability
RBI and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement Introduction to the Agreement In a significant development aimed at strengthening economic ties, the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have formalized a currency swap agreement worth $400 million. This agreement, signed recently, aims to bolster bilateral relations and…