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RBI and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement

Kumari Sonali

RBI and Maldives Monetary Authority Sign $400 Million Currency Swap Agreement:

The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) have signed a currency swap agreement under the SAARC Currency Swap Framework for 2024-2027. This agreement allows the Maldives to access up to $400 million under the US Dollar/Euro Swap Window and Rs 30 billion under the Indian Rupee (INR) Swap Window.

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