Bangladesh, June 25 -- Bangladesh and the Maldives have discussed the possibility of introducing a direct financial transaction mechanism between the Maldivian Rufiyaa and the Bangladeshi Taka to facilitate remittance transfers and strengthen bilateral financial cooperation.
The issue was discussed during a recent courtesy meeting between Bangladesh High Commissioner to the Maldives, Md Nazmul Islam, and the Chief Executive Officer and Managing Director of the Bank of Maldives, Mohamed Shareef.
According to the Bangladesh High Commission in Male, the meeting reviewed ways to establish a direct financial transaction system between the two currencies to make remittance transfers by Bangladeshi expatriates more efficient, secure and cost-eff...