According to Maldives Monetary Authority (MMA) the national reserves of the country increased by USD17.2 million by the end of August 2021.
Furthermore, the central bank of Maldives informed that the gross national reserves of the country reached a total of USD874.3 million by the end of the review period. Earlier, the reserve total stood at USD857.1 million by the end of July 2021.
The national reserve observed a significant improvement in the current year, as MMA reported that the reserve total stood at USD569.8 million during August in 2020, which was driven down due to the Covid-19 global impact.
Moreover, according to statistics the total reserve of Maldives by the end of the second quarter in 2021 stood at USD912.4 million (approximately MVR14 billion), indicating a 30% increment in comparison with the corresponding quarter in 2020.