National Reserve increased to USD 224 million

The usable national reserve of USD has increased to 244 million in March 2017.

Statistics released by the Maldives Monetary Authority (MMA) shows the usable reserve or reserve for immediate use from foreign currency transactions at USD 224.6 million at the end of March.

While the reserve has increased at the end of the first quarter of 2017, the income from the tourism sector in the same period was also increased to a record level.

Over USD 790 million was earned from the tourism sector at the end of the first quarter.