Maldives President Dr. Mohamed Muizzu has announced the country has achieved a historical milestone in its gross international reserves.
According to the Maldives head of state, this staggering reserves amount is mainly due to strengthened foreign exchange regulations that resulted in dollar inflows growing last year.
While speaking during the Presidential Address 2026 at the People’s Majlis – the Maldives parliament – President Muizzu said that USD 492 million was converted to the Maldives Monetary Authority (MMA) between January and December 2025.
He said this contributed significantly to the growth of Maldives’ official reserves. He further added that the country’s Gross International Reserves shot past USD 1 billion, reaching a total of USD 1.13 billion by the end of last year – which is a record high.
The president also said this increase reflects stronger foreign exchange management coupled with better regulatory compliance.
High reserve levels also increase the capacity of Maldives to meet its external debt obligations. It also helps the country manage currency pressures and uninterrupted import of essential goods.