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RBI, Maldives Monetary Authority sign pact to promote use of local currencies

RBI, Maldives Monetary Authority sign pact to promote use of local currencies

Thu, Nov 21, 2024

The RBI and the Maldives Monetary Authority on Thursday signed an agreement here for establishing a framework to promote the use of local currencies -- the Indian Rupee and the Maldivian Rufiyaa (MVR) for cross-border transactions.

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