The Maldives' official foreign exchange reserves are projected to reach USD 817.17 million by the end of 2026, a 16.9 per cent decline from the USD 984.6 million recorded at the end of last year, according to the Government's proposed budget. Official reserves stood at USD 547.7 million at the end of September, while usable reserves fell to USD 167.7 million.
One outlet so far Only PSM News has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Government’s Budget Book for next year estimates that official reserves will reach USD 817.17 million by the end of 2026.
Word for word from the report in PSM News. Open the report
This represents a 16.9 per cent decline compared with the USD 984.6 million recorded at the end of last year.
Word for word from the report in PSM News. Open the report
This represents a 16.9 per cent decline compared with the USD 984.6 million recorded at the end of last year.
Word for word from the report in PSM News. Open the report
With measures taken to strengthen the reserve position, reserves exceeded USD 1.3 billion by the end of March.
Word for word from the report in PSM News. Open the report
Under the revised law, eligible businesses are required to deposit 40 per cent of their foreign currency earnings from the Maldives into local banks.
Word for word from the report in PSM News. Open the report
The Government also used part of its reserves to meet the USD 500 million sukuk repayment due in April this year.
Word for word from the report in PSM News. Open the report
Of the total repayment, USD 350 million was settled using funds deposited in the Sovereign Development Fund, while the remaining amount was paid from official reserves.
Word for word from the report in PSM News. Open the report
The latest statistics released by the Maldives Monetary Authority show that official reserves stood at USD 547.7 million at the end of September.
Word for word from the report in PSM News. Open the report
This represents a 14.9 per cent decline compared with the USD 643.9 million recorded at the end of August.
Word for word from the report in PSM News. Open the report
This represents a 14.9 per cent decline compared with the USD 643.9 million recorded at the end of August.
Word for word from the report in PSM News. Open the report
Usable reserves stood at USD 200.6 million at the end of August before falling to USD 167.7 million by the end of September, a decrease of 15.4 per cent.
Word for word from the report in PSM News. Open the report
Usable reserves stood at USD 200.6 million at the end of August before falling to USD 167.7 million by the end of September, a decrease of 15.4 per cent.
Word for word from the report in PSM News. Open the report
Usable reserves stood at USD 200.6 million at the end of August before falling to USD 167.7 million by the end of September, a decrease of 15.4 per cent.
Word for word from the report in PSM News. Open the report
