Economy finance / economy Maldives Impact 8.0/10 1 min read

Maldives’ Official Reserves Rise to USD 810 Million in August

The Maldives' official reserves rose to USD 810.05 million in August, a 4.5% increase from July, driven by stronger tourism earnings and a new foreign exchange law requiring banks to direct 60% of dollars to reserves. A USD 400 million currency swap with the Reserve Bank of India under SAARC provided additional support. However, immediate foreign exchange payables surged to USD 738.63 million, causing usable reserves to drop 11.5% to USD 188.64 million. The MMA faces challenges with over USD 1 billion in payments due next year.

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Sep 14, 2025

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The Maldives' official reserves rose to USD 810.05 million in August, a 4.5% increase from July, driven by stronger tourism earnings and a new foreign exchange law requiring banks to direct 60% of dollars to reserves. A USD 400 million currency swap with the Reserve Bank of India under SAARC provided additional support. However, immediate foreign exchange payables surged to USD 738.63 million, causing usable reserves to drop 11.5% to USD 188.64 million. The MMA faces challenges with over USD 1 billion in payments due next year.

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