India has extended a currency swap facility of INR 30 billion to the Maldives under the SAARC Currency Swap Arrangement, following the maturity of a previous USD 400 million facility that expired on April 23, 2026. The arrangement covers 2024–2027 with concessional terms, and the Reserve Bank of India has provided USD 1.1 billion in total swap support to the Maldives since 2012.
One outlet so far Only MM TV (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The latest drawdown follows the maturity of a previous USD 400 million swap facility accessed by the Maldives in October 2024, which expired on April 23, 2026.
Word for word from the report in MM TV (English). Open the report
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India has extended a currency swap facility of INR 30 billion to the Maldives, providing continued financial support under a regional framework aimed at strengthening economic stability.
Word for word from the report in MM TV (English). Open the report
The latest drawdown follows the maturity of a previous USD 400 million swap facility accessed by the Maldives in October 2024, which expired on April 23, 2026.
Word for word from the report in MM TV (English). Open the report
Since the introduction of the SAARC swap framework in 2012, the Reserve Bank of India has provided a total of USD 1.1 billion in swap support to the Maldives.
Word for word from the report in MM TV (English). Open the report
In addition, India rolled over Treasury Bills worth USD 100 million issued by the Maldivian government last year as part of emergency financial assistance.
Word for word from the report in MM TV (English). Open the report
India has extended a currency swap facility of INR 30 billion to the Maldives, providing continued financial support under a regional framework aimed at strengthening economic stability.
Word for word from the report in MM TV (English). Open the report
