Maldives’ Usable Reserves Plummet Below Monthly Import Overhead

Maldives' usable reserves fell to US$66.9 million, down from US$73.1 million, dropping below the monthly import requirement of approximately US$70 million for basic goods. Short-term debt rose by US$23.2 million to US$442.3 million. Previously, reserves covered 2-3 months of imports. State's US dollar revenue reached US$560.4 million at end of June, an increase of US$72.4 million year-on-year.

Maldives' usable reserves fell to US$66.9 million, down from US$73.1 million, dropping below the monthly import requirement of approximately US$70 million for basic goods. Short-term debt rose by US$23.2 million to US$442.3 million. Previously, reserves covered 2-3 months of imports. State's US dollar revenue reached US$560.4 million at end of June, an increase of US$72.4 million year-on-year.

Maldives' usable reserves fell to US$66.9 million, down from US$73.1 million, dropping below the monthly import requirement of approximately US$70 million for basic goods. Short-term debt rose by US$23.2 million to US$442.3 million. Previously, reserves covered 2-3 months of imports. State's US dollar revenue reached US$560.4 million at end of June, an increase of US$72.4 million year-on-year.

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