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Sri Lanka requests Maldives to consider local currencies for cross-border transactions

Summary by EconomyNext
ECONOMYNEXT – Sri Lanka has requested Maldives to consider the local currencies of the both countries to be used for cross-border transactions, Foreign Minister Vijitha Herath said amid complaints of Sri Lankan expatriate workers in Male of difficulties in remitting their earnings. Sri Lanka plays a significant role in providing skilled professionals and tourism services to Maldives with hundreds of locals working in the hospitality industry in …
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Lanka News Web (LNW)Lanka News Web (LNW)

Sri Lanka Proposes Local Currency Transactions with Maldives  - LNW Lanka News Web

Sri Lanka has urged the Maldives to consider using local currencies for cross-border transactions, Foreign Minister Vijitha Herath stated, following concerns from Sri Lankan expatriates in Malé about difficulties in sending their earnings home. Sri Lanka plays a key role in the Maldivian workforce, especially in the hospitality sector, where a significant number of its citizens are employed.  Many Sri Lankans in the Maldives, including executive…

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EconomyNextEconomyNext

Sri Lanka requests Maldives to consider local currencies for cross-border transactions

ECONOMYNEXT – Sri Lanka has requested Maldives to consider the local currencies of the both countries to be used for cross-border transactions, Foreign Minister Vijitha Herath said amid complaints of Sri Lankan expatriate workers in Male of difficulties in remitting their earnings. Sri Lanka plays a significant role in providing skilled professionals and tourism services to Maldives with hundreds of locals working in the hospitality industry in …

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EconomyNext broke the news in on Friday, February 21, 2025.
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