Minister for Economic Development Mohamed Saeed reveals ongoing discussions between Maldives and India to facilitate payments for imports in Maldivian Rufiyaa, extending to imports from China as well. With annual imports totaling USD 780 million from India and USD 720 million from China, the move aims to reduce reliance on the US dollar. Saeed’s remarks, made during an event in Maavah amidst President Mohamed Muizzu’s visit to Laamu Atoll ahead of parliamentary elections, highlight the potential for non-dollar payments, signaling a significant shift in international transactions. This transition is viewed as mutually beneficial, conserving foreign exchange reserves and fostering economic resilience.