Economy economy / MMA Malé Impact 8.0/10 2 min read

Official Reserves Fall by $40.5 Million in May

The Maldives' official reserves fell by $40.5 million in May, according to the Maldives Monetary Authority (MMA). Total reserves stood at $815.8 million at end of May, down from $856.3 million in April. Usable reserves increased from $171.3 million to $217.8 million. The country is rated Caa2 by Moody's and CC by Fitch, indicating high risk. Annual inflation was 4.55% in May, with month-on-month increase of 0.48%. Electricity prices rose nearly 13%, while some items like vegetables and fish saw declines.

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Maldives Republic

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Jul 7, 2025

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The Maldives' official reserves fell by $40.5 million in May, according to the Maldives Monetary Authority (MMA). Total reserves stood at $815.8 million at end of May, down from $856.3 million in April. Usable reserves increased from $171.3 million to $217.8 million. The country is rated Caa2 by Moody's and CC by Fitch, indicating high risk. Annual inflation was 4.55% in May, with month-on-month increase of 0.48%. Electricity prices rose nearly 13%, while some items like vegetables and fish saw declines.

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11:05

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Maldives Republic

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