Recently, the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) on Establishing a Cooperation Framework for Boosting the Settlement of Current Account Transactions and Direct Investments in Local Currencies with the Ministry of Economic Development and Trade of the Maldives, aiming to promote the use of local currencies in the two countries and to facilitate bilateral trade and investment.
Date of last update
Nov. 29 2018
