Published: May 23, 2024, 05:10 IST | Updated: May 23, 2024, 05:10 IST
World Business Watch May 23, 2024, 05:10 IST
Maldives shifts trade in local currencies with India & China
The Maldives has reached agreements with both India and China to settle trade payments in their local currencies, moving away from the traditional US dollar. This is a significant move for the island nation, which imports a large portion of its goods from these two countries.