Maldives plans to accept Chinese RMB for import payments.

Maldives to accept Chinese renminbi (RMB) for import payments, aiming to diversify its settlement currency from the US dollar. The move is part of the government's plan to strengthen the local currency, Maldivian Rufiyaa, and introduce global e-wallets, including those from China, US, South Korea, Japan, Singapore, Malaysia, India, and UAE. An official announcement on the integration of Alipay and WeChat into the Maldivian market is expected on April 14.

April 12, 2024
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