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India, Maldives Firm Up Trade on Local Currencies
The New Indian Express Vishakapatnam
|January 04, 2025
INDIA and Maldives have finalised a framework to promote the use of local currencies for cross border trade as External Affairs minister S Jaishankar held discussions with his counterpart from the island nation Abdulla Khaleel to improve bilateral relationships.
"The framework to promote the use of local currencies for cross border transaction has been signed. We have increased our engagement in various sectors and I do want to say that India has always stood by the Maldives. You are a very concrete expression of our 'neighbourhood first' policy," Jaishankar said after the meeting.
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