Maldives Monetary Authority statistics show the country's reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, the sharpest decline over the past 12 months. Usable reserves cover roughly one month of basic goods imports, against import needs of over US$70 million a month.
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The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the Maldives Monetary Authority (MMA) have revealed.
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The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the Maldives Monetary Authority (MMA) have revealed.
Word for word from the report in Maldives Republic. Open the report
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the Maldives Monetary Authority (MMA) have revealed.
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The sharpest decline in gross reserves last year was US$552 million in October.
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Reserves in May were down 34 percent when compared year-on-year — reserves stood at US$748 million in May last year.
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Reserves in May were down 34 percent when compared year-on-year — reserves stood at US$748 million in May last year.
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As the total reserves declined usable reserves at April stood at US$113.6 million — higher than reserves at the beginning of the year which had been at US$110 million.
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Earlier reports gave US$113.7 million 2 May, 20:29 Maldives Republic$128.8 million 30 Mar, 18:56 Maldives Republic
As the total reserves declined usable reserves at April stood at US$113.6 million — higher than reserves at the beginning of the year which had been at US$110 million.
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According to the MMA database, short-term debt stood at US$419 million at the end of May translating to a US$73 million as usable reserves at the end of the month.
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According to the MMA database, short-term debt stood at US$419 million at the end of May translating to a US$73 million as usable reserves at the end of the month.
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Usable reserves stood at US$179 million in December of last year.
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Earlier reports gave US$113.7 million 2 May, 20:29 Maldives Republic$128.8 million 30 Mar, 18:56 Maldives Republic
The Maldives requires in excess of US$70 million a month for the import of basic commodities such as fuel, staples, and medicines.
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The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the Maldives Monetary Authority (MMA) have revealed.
Word for word from the report in Maldives Republic. Open the report
