October 7, 2024, 07:26 PM - 2 min read
The Reserve Bank of India has signed a currency swap agreement with the Maldives Monetary Authority, providing USD 400 million and Rs 30 billion in support until June 2027.
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October 7, 2024, 05:10 PM - 3 min read
The inauguration of a new runaway in the Maldives built under an airport redevelopment project assisted by India and the official launch of the RuPay card in the island nation on Monday.
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September 15, 2024, 04:36 PM - 3 min read
Speaking during his visit to Sri Lanka on Friday, Zameer emphasised the importance of maintaining close ties with key partners, particularly India and China.
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August 10, 2024, 03:47 PM - 2 min read
His remarks came during a ceremony at the President’s Office, where he marked the completion of water supply and sewerage projects on 28 islands, funded through India's Line of Credit Facility via the EXIM Bank of India.
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August 10, 2024, 12:54 PM - 2 min read
The Memorandum of Understanding was signed on Friday during Jaishankar's three-day official visit to the Maldives.
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June 11, 2024, 07:32 PM - 2 min read
Upon returning from the trip, Muizzu remarked that the visit was a "success" not just for the Maldives but for the region as well, and hoped for increased prosperity for Maldivians.
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May 26, 2024, 07:42 AM - 2 min read
India is pursuing a Free Trade Agreement (FTA) with the Maldives, aiming to enhance trade relations. Efforts for the FTA come amid a diplomatic spat since President Muizzu's pro-China stance. Despite historical trade agreements, including an FTA with China, the Maldives is exploring closer ties with India.
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May 23, 2024, 08:40 PM - 2 min read
Amid turbulent bilateral ties, the Maldives will soon launch India’s RuPay service, which Economic Development Minister Mohamed Saeed said will "bolster the Maldivian Rufiyaa." Saeed also announced that both India and China have agreed to use local currencies in bilateral trade.
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May 13, 2024, 07:07 PM - 2 min read
Moosa conveyed his appreciation to EAM @DrSJaishankar and the Indian government for extending crucial financial assistance to the Maldives by rolling over a USD 50 million Treasury Bill. He emphasized that this gesture highlighted the enduring friendship between Maldives and India.
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April 22, 2024, 10:23 PM - 2 min read
The election results are being viewed as fertile ground that will further jeopardise the island nation's diplomatic tensions with India and its gravitation towards China. It’s been an election that is crucial for not just the ruling President Muizzu, who has made his pro-Beijing stand quite clear since coming to power last September, but also other key players in the Indian Ocean.
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April 12, 2024, 02:22 PM - 2 min read
The announcement comes on the heels of India's decision in July 2023 to permit the Maldives, along with 21 other nations, to open Special Rupee Vostro Accounts (SRVAs). This measure was aimed at promoting bilateral trade in local currencies and facilitating payments for goods imported from India in Maldivian Rufiyaa.
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April 6, 2024, 02:59 PM - 2 min read
In response to the expression of gratitude from Maldivian minister Moosa Zameer towards India for renewing the quota to import essential commodities for the fiscal years 2024-2025, Union Minister S Jaishankar reiterated India's steadfast commitment to its policies of 'neighbourhood first' and SAGAR.
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