The Maldives Monetary Authority (MMA) has reported that the country’s official reserves have dropped for the second month in a row, raising concerns about the nation’s financial health.According to the MMA’s latest Economic Update for July 2025, the country’s reserve assets fell by 2% in July, after a 1% decline in June.
This means the Maldives has less foreign currency available to pay for imports and other international expenses.By the end of July, the total international reserves were USD 774.5 million, down from USD 832.4 million at the end of June. The MMA did not specify the exact reasons for this decline but noted that the country is facing growing financial and external pressures.
The central bank plans to keep a close watch on the situation as the Maldives navigates these challenges. Experts say maintaining healthy reserves is crucial for economic stability, and the ongoing decline could pose risks if not addressed.
