The Maldives Monetary Authority (MMA) has stated that the Maldives’ official reserve levels stood at USD 866 million in October 2025.
The official reserves have been rising since July this year.
According to MMA, October’s value is up from USD 859.5 million in September, marking a 0.79 percent month-on-month increase.
Despite this increase, MMA said short-term foreign exchange obligations rose from USD 781.7 million at end of September to USD 789.6 million by end of October. After accounting for short-term obligations, usable reserves fell from USD 194.4 million in September to USD 193 million in October, a 1.4 percent decrease.
The government has been taking measures to strengthen the reserves, including utilising 60 percent of US dollars received by banks to strengthen reserves under the new foreign exchange law. MMA said increased foreign exchange earnings from tourism, and a USD 400 million currency swap with the Reserve Bank of India under the SAARC framework has contributed positively to increasing the reserves.