Business

MMA reserve exceeds MVR 300 million

The national reserve of Maldives Monetary Authority (MMA) exceeds MVR 300 million in April.

The monthly statement for April 2017 reveals that MMA's reserve amounted to MVR 302.4 million last month, while in March 2017; the reserve amounted to MVR 289 million rufiyaa.

It is notable that financial records demonstrate a raise in MMA's reserve each month. State reserve was at five hundred one point two million dollars, according to the latest statistics revealed by MMA. MVR 224.7 million rufiyaa was recorded as the usable reserve.