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Maldives’ Usable Dollar Reserves Depleted for First Time, Sources Say
Local media reports, citing sources, say the Maldives' usable dollar reserves have gone negative for the first time after a US$25 million oil bill was paid. According to the MMA, usable dollar reserves stood at US$43 million at the end of July, enough for one month's expenses, and analysts say the government may next tap the Sovereign Development Fund.
LatestMMA Denies Reports of Depleted Usable Dollar ReservesMaldives Republic, 21 Aug, 22:03
Sources1carried itMR1 of 19 news outlets we monitor
Reports2from 1 source
Reported over3 h 35 minfirst to latest report
Figures3as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Wed 21 AugThe Maldives Monetary Authority issued a statement denying reports that usable dollar reserves had been fully depleted.on Wednesdayonly Maldives RepublicIn a statement issued on Wednesday, the MMA assured that the reserves are expected to increase by the end of August and urged the public not to spread misinformation on such sensitive matters.
Word for word from the report in Maldives Republic. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Who reported it, and when
1 outlet, over 3 h 35 min
Maldives Republic21 Aug, 18:27 · first report21 Aug, 22:03 · 3 h 35 min later
21 Aug, 18:2721 Aug, 22:03
Newest report: Maldives Republic, 21 Aug, 22:03. Reports with a date and no time are listed but not placed on the line.
Figures in these reports
as written, with the sentence they come from
US$43 millionusable dollar reservesMaldives RepublicAccording to the latest figures released by the MMA, the usable dollar reserves stood at US$43 million at the end of July, just enough to cover one month's expenses.
Word for word from the report in Maldives Republic. Open the report
US$25 millionoil bill settledMaldives RepublicA source familiar with the government's finances disclosed that a US$25 million oil bill, due on Monday, had to be settled without delay. The payment, made on Wednesday, reportedly pushed the reserves into negative territory.
Word for word from the report in Maldives Republic. Open the report
US$25 millionoil payment linked to reported reserve declineMaldives Republicwhich suggested that the country’s dollar reserves had entered negative territory due to a recent US$25 million oil payment.
Word for word from the report in Maldives Republic. Open the report
Other events named
no clear day, as worded
The Ministry of Finance issued a statement on X confirming the central bank had assured it the reports were unfounded.Maldives RepublicFollowing the MMA’s denial, the Ministry of Finance also issued a statement on X, formerly known as Twitter, confirming that the central bank had assured them the reports were unfounded.
Word for word from the report in Maldives Republic. Open the report
These reports are matched by their headlines, so one may be a different story: check each.
