MALÉ, Apr 12 (NNN-IPS) – Maldivian Minister of Economic Development and Trade, Mohamed Saeed, said that, Maldivians will soon have the option to settle their import payments using Chinese currency, the renminbi (RMB).
Saeed told a gathering yesterday 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 Apr 14, the government will make an official announcement on the integration of Alipay and WeChat into the Maldivian market.– NNN-IPS
