Foreign reserves plunge to USD 717 million following major debt settlements
Maldives’ gross foreign reserves fell to USD 717 million in April 2026 after paying USD 924 million in debt, including a sukuk and a currency swap with India. Usable reserves dropped to USD 244 million. The government arranged a 30-billion-rupee facility from India to bolster reserves. The decline in tourist arrivals due to the Iran conflict is affecting revenue.
Maldives’ gross foreign reserves fell to USD 717 million in April 2026 after paying USD 924 million in debt, including a sukuk and a currency swap with India. Usable reserves dropped to USD 244 million. The government arranged a 30-billion-rupee facility from India to bolster reserves. The decline in tourist arrivals due to the Iran conflict is affecting revenue.
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Maldives’ gross foreign reserves fell to USD 717 million in April 2026 after paying USD 924 million in debt, including a sukuk and a currency swap with India. Usable reserves dropped to USD 244 million. The government arranged a 30-billion-rupee facility from India to bolster reserves. The decline in tourist arrivals due to the Iran conflict is affecting revenue.
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Focus: Foreign reserves plunge to USD 717 million following major debt settlements
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