Photo taken on Nov. 12, 2015 shows newly-released 100-yuan bank notes in Beijing, capital of China. (Xinhua/Li Xin)
Maldives will settle its import payments using Chinese currency and diversify its settling currency from the U.S. dollar.
COLOMBO, April 13 (Xinhua) -- Maldivian Minister of Economic Development and Trade Mohamed Saeed has said that Maldivians will soon have the option to settle their import payments using Chinese currency, the renminbi (RMB).
Saeed tola a gathering on Thursday 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.
A tourist guide talks with foreign visitors in Male, Maldives, Oct. 21, 2010. (Xinhua/Liu Yongqiu)
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 April 14, the government will make an official announcement on the integration of Alipay and WeChat into the Maldivian market.■
