By the end of last year, the Maldives’ official reserves increased significantly beyond previous projections, nearing the one billion dollar mark.
According to statistics released by the Maldives Monetary Authority (MMA), official reserves stood at $948.3 million at the close of the year.
This represents a substantial increase of approximately 61 percent compared to the $588.6 million recorded at the end of 2024. Authorities had previously estimated that reserves would stand at $800 million by year-end; however, the reserves saw significant growth during the final months of the year.
Looking at last year’s data, reserves hit their lowest point in March, standing at $541.7 million. Since then, reserves grew steadily each month, reaching $948.3 million in December. This marks an increase of $336.5 million, or 55 percent, from January through December.
Of the total reserves, usable reserves stood at $231.8 million at the end of the year. This is an increase of $5.2 million compared to the $226.6 million recorded in November. Usable reserves are calculated by deducting short-term foreign liabilities from the total official reserves.
Regarding the growth trends observed last year, reserves began to rise significantly starting in June. After reaching $810 million in August, the figures continued to climb every month thereafter.
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