Reserve of MMA increases to MVR 296 million

The reserve of Maldives Monetary Authority (MMA) increases to MVR 296 million.

Balance sheet of the month of July released by the central bank, MMA shows that by the end of July the reserve was at 296.4 million rufiyaa which is an increase of MVR 36 million. The reserve was noted at MVR 260 million by end of June.

Latest statistics shows that the state's reserve by end of June this year increased by MVR 103.4 million. During this period, the usable reserve of the state also increased to USD 248.8 million.