Reserve to be at USD 904 million by end of next year

The Maldives Monetary Authority has estimated that the state reserve will have USD 904 million by the end of next year.

As per MMA’s statistics, the reserve is estimated to have USD 849 million by the end of this year. The reserve had USD 674 million at the end of 2024. The reserve being in a good state can be attributed to increased dollar exchanges to banks by the tourism industry and the currency swap facility.

MMA stated that along with the Foreign Currency Act, the Maldives Inland Revenue Authority (MIRA) also saw their dollar revenue go up.

With refinancing being utilized in order to obtain funds for next year's April Sukuk payment, Maldives will see a dollar increase for a short while with said funds.

MMA stated that while the Maldivian economy is quite dependent on tourism, there is a chance that foreign economic activities and decisions may affect Maldives. MMA has made the assumption that investments may be affected due to the US Trade Policy. MMA also said that there is a chance that more financial difficulties may be along the horizon due to poor fiscal conditions.

As per MMA’s estimates, the Maldivian economy saw a 5.4 increase in 2025. This was due to progress being made in the tourism industry, transportation and communication services.

MMA estimates that Maldives will see economic growth between 4.8 percent to 5.3 percent this year.