Maldives to allow settling import payments using Chinese currency
Release time：2024-05-07 23:44:51 Source：International Identities news portal
COLOMBO, April 12 (Xinhua) -- Maldivian Minister of Economic Development and Trade Mohamed Saeed has said that Maldivians will soon have the option to settle their import payments using Chinese currency, the renminbi (RMB).
Saeed tola a gathering on Thursday that the government's objective is to diversify its settling currency from the U.S. dollar, adding that they expect the local currency Maldivian Rufiyaa to strengthen against the U.S. dollar by 30 to 40 percent in the coming months.
He said the government also plans to introduce prominent global e-wallets to the Maldives, including those from South Korea, Japan, China, the United States, Singapore, Malaysia, India, and the United Arab Emirates.
The minister said that on April 14, the government will make an official announcement on the integration of Alipay and WeChat into the Maldivian market. ■
- Previous：Suspect in custody after video recorded him appearing to steal a police vehicle amid gunfire
- Next：Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Related articles
- How Rita Moreno uses honors like an upcoming public television award to further her philanthropy
- Alexei Navalny death: Team accuses Russia of 'hiding' his body
- Media minister Melissa Lee says interviews would have been 'boring'
- Immigration declines nearly half of study visa applications from India so far this year
- Gerard Butler appears in high spirits as he watches Chelsea FC thrash West Ham 5
- EDITORIAL: Reform of WTO key to regaining dispute
- Good News: Stories that cheered us up for the week of 25
- Zelensky counts on more Western defence aid for Ukraine in next two months
- REVEALED: Michelin Guide names its first
- EDITORIAL: Sustained wage hike trend also vital for smaller companies
- No positive progress in Gaza truce talks: Hamas source
- EDITORIAL: Food labeling review inevitable following Benikoji scare
- Wait times to see health specialists rise, childhood immunisations fall
- Port of Auckland workers protest mayor's long
- Husband of Florida woman missing in Spain is charged with her disappearance
- Media minister Melissa Lee says interviews would have been 'boring'
- Politics updates: Kāinga Ora crackdown, changes to plug
- DOC spent nearly $500,000 to kill one stoat in Fiordland
- Woman, 62, is left baffled as she turns up to a hospital scan only to be told she's already dead
- Fox within sight of lead at US Masters midway point
Random recommendation
- Copyright © 2024 Powered by Maldives to allow settling import payments using Chinese currency ,International Identities news portal sitemap