The Maldives has welcomed India’s decision to roll over the first Indian rupee 30 billion withdrawal under the bilateral currency swap agreement between the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA).
In a statement, the Maldivian government expressed appreciation for India’s continued support, saying the decision reflected the longstanding partnership between the two countries, built on historic ties of friendship, mutual respect and goodwill.
The government said that, under President Dr Mohamed Muizzu’s leadership, the Maldives remained committed to strengthening relations with key bilateral partners, including India, and deepening cooperation in areas of mutual interest.
It also acknowledged India’s continued support under Prime Minister Narendra Modi’s Neighbourhood First policy, reaffirming its commitment to strengthening bilateral relations for the mutual benefit of both countries.