The Maldives and India signed a US$400 million currency swap agreement on Monday in a ceremony in New Delhi presided over by Indian Prime Minister Narendra Modi and President Mohamed Muizzu. The deal was accompanied by several other MoUs, the launch of the RuPay card, the handover of 700 housing units and the virtual inauguration of a new runway at Hanimaadhoo International Airport.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
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provides the Maldives access to up to $400 million through the US Dollar/Euro Swap Window and ₹30 billion via the Indian Rupee (INR) Swap Window
Word for word from the report in Maldives Republic. Open the report
the handover of 700 housing units built under the Buyer's Credit facility of EXIM Bank of India
Word for word from the report in Maldives Republic. Open the report
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