National Reserve
19 articles
BusinessUsable reserves fall to USD 248 million
The Maldives' usable reserves fell to USD 248 million in June, a 4.5% monthly decline driven by rising foreign currency expenditures. The Maldives Monetary Authority attributed the drop to increased dollar sales to banks to stabilize the national currency. Overall gross reserves have plummeted by USD 645 million since March.
BusinessForeign reserves plunge to USD 717 million
The Maldives' foreign reserves dropped to USD 717 million after settling USD 924 million in debt, including a major sukuk and an Indian currency swap. While usable reserves fell to USD 244 million, a new 30-billion-rupee facility from India helped stabilize the situation amid declining tourism revenue.
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Usable reserves rise to more than USD 300 million
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Usable reserves fell by USD 25 million in August
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Usable reserves drop to USD 203 million
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Fitch maintains "Junk" rating for Maldives
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Usable reserves increased by only USD 1 million in April
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Economy is expected to grow by 6.4 percent: Muizzu
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Usable reserves at USD 63.2 million at the end of 2024
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Usable reserves dropped to USD 31.5 million at the end of October
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Usable dollar reserves drop below USD 50 million again
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USD 25 million paid as interest owed on Sukuk sold by Maldives
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SDF balance dropped on the day reserves increased
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Usable reserves increase to USD 61 million at the end of August
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Usable dollar reserves are expected to increase, says MMA
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19 proposals for budget financing
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Reserve insufficient to cover imports for a month
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Ameer explains MDP govt's use of debt
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