Maldives official reserves fell by $40.5 million in May to $815.8 million, while usable reserves rose to $217.8 million, according to Maldives Monetary Authority data. Consumer prices were 4.55% higher year-on-year in May, with electricity up nearly 13%.
Tracked more than 1.5% Food pricesnearly 13% Electricity and water tariffs
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The Maldives’ official reserves fell by $40.5 million in May, latest central bank figures showed, as the country continues to face pressure from external economic challenges.
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Data from the Maldives Monetary Authority (MMA) showed reserves stood at $815.8 million at the end of May, down from $856.3 million a month earlier.
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Data from the Maldives Monetary Authority (MMA) showed reserves stood at $815.8 million at the end of May, down from $856.3 million a month earlier.
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usable reserves — the portion available for immediate foreign currency needs — rose from $171.3 million in April to $217.8 million in May.
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Earlier reports gave US$32 million 19 Nov, 18:52 Maldives RepublicUS$49 million 8 Oct, 22:09 Maldives Republic
usable reserves — the portion available for immediate foreign currency needs — rose from $171.3 million in April to $217.8 million in May.
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Earlier reports gave US$32 million 19 Nov, 18:52 Maldives RepublicUS$49 million 8 Oct, 22:09 Maldives Republic
The National Bureau of Statistics reported that consumer prices in May were 4.55% higher than the same month last year.
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Month-on-month, prices increased by 0.48 percent from April.
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Electricity prices saw the sharpest annual rise, jumping nearly 13%.
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Vegetable prices fell by more than 1.5% in May, while the cost of fish, mobile services, and water supply also declined slightly.
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