The Maldives' usable reserves fell by US$40 million over the month to US$73 million, their lowest in 12 months, according to a Maldives Monetary Authority economic update. Total reserves dropped 21 percent in May to US$492 million from US$622 million in April, following the administration's decision to cut public spending.
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The Maldives’ usable reserves fell by US$40 million over last month to US$73 million, the Maldives Monetary Authority’s most recent economic update revealed.
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The Maldives’ usable reserves fell by US$40 million over last month to US$73 million, the Maldives Monetary Authority’s most recent economic update revealed.
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Reserves stood at US$114 million in April.
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Earlier reports gave US$113.6 million 29 Jun, 19:26 Maldives RepublicUS$113.7 million 2 May, 20:29 Maldives Republic
While usable reserves stood at US$148 million in May last year, it had fallen to US$75 million May this year
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Earlier reports gave US$113.6 million 29 Jun, 19:26 Maldives RepublicUS$113.7 million 2 May, 20:29 Maldives Republic
While usable reserves stood at US$148 million in May last year, it had fallen to US$75 million May this year; almost a 50 percent drop with current usable reserves only just able to cover one month’s imports.
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Earlier reports gave US$113.6 million 29 Jun, 19:26 Maldives RepublicUS$113.7 million 2 May, 20:29 Maldives Republic
While usable reserves stood at US$148 million in May last year, it had fallen to US$75 million May this year; almost a 50 percent drop
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Usable reserves stood at US$179 million at the end of last year.
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Earlier reports gave US$113.6 million 29 Jun, 19:26 Maldives RepublicUS$113.7 million 2 May, 20:29 Maldives Republic
While usable reserves fell sharply, total reserves also fell by 21 percent in May.
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Current total reserves stand at US$492 million, down from US$622 million in April.
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Earlier reports gave US$622.1 million 29 Jun, 19:26 Maldives Republic
Current total reserves stand at US$492 million, down from US$622 million in April.
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Earlier reports gave US$622.1 million 29 Jun, 19:26 Maldives Republic
the largest fall in total reserves over a month last year was in October when the figure was at US$552 million.
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