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Since very ancient times, the Maldives were ruled by kings (Radun) and occasionally queens (Ranin). Historically Maldives has had a strategic importance because of its location on the major marine routes of the Indian Ocean. Maldives' nearest neighbors are Sri Lanka and India, both of which have had cultural and economic ties with Maldives for centuries. The Maldives provided the main source of cowrie shells, then used as a currency throughout Asia and parts of the East African coast.After the 16th century, when European colonial powers took over much of the trade in the Indian Ocean, first the Portuguese, and then the Dutch, and the French occasionally meddled with local politics. However, these interferences ended when the Maldive became a British Protectorate in the 19th century and the Maldivian monarchs were granted a good measure of self-governance.On 26 July 1965, Maldives gained independence under an agreement signed with United Kingdom. The British government retained the use of the Gan and Hitaddu facilities. In a national referendum in March 1968, Maldivians abolished the sultanate and established a republic.However, the , continued to maintain an air base on the island of Gan in the southernmost atoll until 1976. The British departure in 1976 at the height of the Cold War almost immediately triggered foreign speculation about the future of the air base. Apparently the Soviet Union made a move to request the use of the base, but the Maldives refused.