Maldives president thanks Malaysia for considering US$100mil currency swap facility
HYDERABAD: Maldives President Mohamed Muizzu thanked Malaysia for its decision to consider extending a US$100 million currency swap facility and expressed optimism that bilateral ties would grow stronger following Prime Minister Datuk Seri Anwar Ibrahim’s recent state visit.
Maldives President Mohamed Muizzu expressed gratitude to Malaysia for considering a US$100 million currency swap facility, stating it would bolster economic cooperation between the two nations. Muizzu welcomed Prime Minister Anwar Ibrahim's recent state visit, describing it as an honor. Anwar informed Malaysian media that Malaysia had agreed in principle to support the Maldives' application for the currency swap facility, described as a soft loan.
The terms and mechanism of the facility are still being negotiated between Bank Negara Malaysia and the Maldives Monetary Authority. Anwar's Sept 14-15 state visit marked a new chapter in the friendship between Malaysia and the Maldives, with both countries committing to expanding cooperation in various sectors. They have also agreed to collaborate in multilateral forums like the UN, OIC, and Commonwealth.
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