Statistics from the Maldives Monetary Authority (MMA) have shown Maldives' National Reserve and Usable Reserve fell in June.

As per MMA's statistics, the National Reserve fell to USD 686.8 million at the end of June. This is a USD 18 million drop compared to the previous month, and is USD 145.6 million or 17.5 percent drop compared to June 2025.

MMA stated the Usable Reserve fell to USD 248.9 million at the end of June, which is a USD 11.9 million drop compared to May 2026.

However, the reserve has increased year on year until June.

At the end of June 2025, the Usable Reserve had recorded USD 203 million, and is around a 23 percent increase compared to the amount recorded in June 2026.

According to MMA, the main reason the gross reserve fell in June when comparing it to May is due to an increased use of foreign currency.

"Due to the banking system and an increase to the already high demand for foreign currency in importing goods, the USD amount which was sold to the market under MMA's Foreign Exchange Intervention policy saw a 43 percent increase compared to the previous month," said MMA.

In March 2026, the reserve was at USD 1.33 billion, and has fallen to USD 645 million since.

April saw the highest drop, when the USD 524.68 million (MVR 8 billion) sukuk taken by the previous government was repaid.

The debt was repaid by the current government by making use of the Sovereign Development Fund (SDF) and the state's reserve.

Along with that, the USD 400 million (MVR 6.1 billion) currency swap facility from India to Maldives was paid off in April.