Official reserves drop to USD 638m

2 hours ago

Maldives’ official reserves have continued to decline over the past three months, falling to USD 638.03 million at the end of July, a sharp drop compared to March this year. According to the latest data released by the Maldives Monetary Authority (MMA), official reserves stood at USD 1.33 billion in March. Since then, reserves have decreased steadily month-on-month. MMA figures show reserves