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Foreign Reserves Decline in September, Expected to Improve Going Forward

Maldives Monetary Authority data shows gross foreign reserves fell to US$322 million in September, US$72 million lower than the previous month, while usable reserves dropped to US$49 million, below the level needed for a month of essential imports. The MMA signed a US$400 million currency swap facility with the Reserve Bank of India, with a further INR 30 billion facility confirmed under the SAARC currency swap framework.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures6as 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
  1. Mon 7 Oct
    The MMA signed a US$400 million currency swap facility with the Reserve Bank of India. on Monday only Maldives Republic MMA signed a US$400 million currency swap facility with the Reserve Bank of India (RBI) on Monday

    Word for word from the report in Maldives Republic. Open the report

How the reporting differs

one source so far

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • US$72 million monthly decline in gross foreign reserves Maldives Republic Gross foreign reserves stood at US$322 million as of last month, central bank data shows, which is US$72 million less than the month before.

    Word for word from the report in Maldives Republic. Open the report

  • US$49 million usable reserves Maldives Republic Usable reserves remained at US$49 million; US$12 million less than the US$61 million in usable reserves at the end of August.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave US$61 million 14 Sep, 17:05 Maldives RepublicUS$21.97 million 18 Aug, 18:25 Maldives Republic

  • US$12 million decline in usable reserves Maldives Republic Usable reserves remained at US$49 million; US$12 million less than the US$61 million in usable reserves at the end of August.

    Word for word from the report in Maldives Republic. Open the report

    Earlier reports gave US$6.2 million 2 Aug, 14:15 Maldives Republic

  • US$61 million usable reserves at end of August Maldives Republic Usable reserves remained at US$49 million; US$12 million less than the US$61 million in usable reserves at the end of August.

    Word for word from the report in Maldives Republic. Open the report

  • US$400 million currency swap facility signed with RBI Maldives Republic MMA signed a US$400 million currency swap facility with the Reserve Bank of India (RBI) on Monday

    Word for word from the report in Maldives Republic. Open the report

  • INR 30 billion SAARC currency swap framework facility Maldives Republic an Indian Rupee facility worth INR 30 billion was also confirmed under the SAARC currency swap framework.

    Word for word from the report in Maldives Republic. Open the report

Other events named

no clear day, as worded
  • An Indian Rupee facility worth INR 30 billion was confirmed under the SAARC currency swap framework. Maldives Republic an Indian Rupee facility worth INR 30 billion was also confirmed under the SAARC currency swap framework.

    Word for word from the report in Maldives Republic. Open the report

Subjects

sectors and approved topics, alphabetical

Named in these reports

alphabetical