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Abdulla Nasif
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Economy
MMA welcomes rollover of INR 30 billion swap facility during RBI talks
Maldives Monetary Authority Governor Ahmed Munawar met Reserve Bank of India Governor Sanjay Malhotra in New Delhi on October 19 on the sidelines of Samvad 2026 to discuss linking India's UPI with the Maldives' Favara payment system and India's currency swap facility. The two sides discussed a Person-to-Merchant connection targeted for launch in the first half of 2027, and Munawar thanked the RBI for approving the first rollover of the INR 30 billion swap facility.
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