world

Maldives to allow settling import payments using Chinese currency

Font size+Author:Worldly Winds news portalSource:sport2024-05-01 14:07:24I want to comment(0)

COLOMBO, April 12 (Xinhua) -- Maldivian Minister of Economic Development and Trade Mohamed Saeed has

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
  • Confidence of US consumers continues to decline as Americans worry about the future

    Confidence of US consumers continues to decline as Americans worry about the future

    2024-05-01 13:17

  • BRI promotes modernization, mutual benefit

    BRI promotes modernization, mutual benefit

    2024-05-01 12:20

  • Xi Focus: Xi Jinping Meets Ma Ying

    Xi Focus: Xi Jinping Meets Ma Ying

    2024-05-01 12:05

  • Xi Plants Trees in Beijing, Urging Nationwide Afforestation Efforts for Beautiful China

    Xi Plants Trees in Beijing, Urging Nationwide Afforestation Efforts for Beautiful China

    2024-05-01 11:37

Netizen comments