Maldives to allow settling import payments using Chinese currency
COLOMBO, April 12 (Xinhua) -- Maldivian Minister of Economic Development and Trade Mohamed Saeed has said that Maldivians will soon have the option to settle their import payments using Chinese currency, the renminbi (RMB).
Saeed tola a gathering on Thursday that the government's objective is to diversify its settling currency from the U.S. dollar, adding that they expect the local currency Maldivian Rufiyaa to strengthen against the U.S. dollar by 30 to 40 percent in the coming months.
He said the government also plans to introduce prominent global e-wallets to the Maldives, including those from South Korea, Japan, China, the United States, Singapore, Malaysia, India, and the United Arab Emirates.
The minister said that on April 14, the government will make an official announcement on the integration of Alipay and WeChat into the Maldivian market. ■
Related articles
- LOS ANGELES (AP) — Shohei Ohtani’s first walk-off hit for the Los Angeles Dodgers was also his first2024-05-21
Gonzalez's RBI single in 12th lifts Red Sox past Rays 5
BOSTON (AP) — Romy Gonzalez singled home the winning run in the bottom of the 12th as the Boston Red2024-05-21Jonquel Jones scores 25 to help the Liberty open the season with an 85
WASHINGTON (AP) — Jonquel Jones scored 25 points, Betnijah Laney-Hamilton added 20 and the New York2024-05-21- ATLANTA (AP) — Matt Olson hit a three-run homer and drove in four, Chris Sale pitched two-hit ball o2024-05-21
Biden says Brown v. Board of Education ruling was about more than education
WASHINGTON (AP) — The landmark 1954 Supreme Court ruling that desegregated schools was about more th2024-05-21Babar and Rizwan lead Pakistan smash
DUBLIN (AP) — Pakistan blew away Ireland by six wickets and won its Twenty20 series 2-1 on Tuesday.T2024-05-21
atest comment