In an effort to streamline and boost remittance inflows, Bangladesh is considering implementing a currency swap mechanism with the Maldives. Data indicates that remittances from the Maldives dropped to $118 million in the 2026 fiscal year, compared to $141.1 million in the 2025 fiscal year. The proposed currency swap is being viewed as a strategic move to address this decline and support financial transactions between the two nations.
Economy
Bangladesh considers currency swap to boost remittances from Maldives
Bangladesh is exploring a currency swap arrangement with the Maldives to facilitate and increase remittance inflows.
Source: TBS Bangladesh