Business Governance

Maldives central bank’s usable reserves up by six percent

People buying US Dollars at MMA service counters in November 2016.

The Maldives’ central bank announced that its usable US Dollar reserves went up by six percent last month.

According to Maldives Monetary Authority (MMA)’s economic review, its usable reserves went up to USD 213.3 million last month, which is an annual increase of 16 percent.

The usable dollar reserves are used for the importation of food, medicine, oil products and other basic necessities.

MMA’s review shows that the state’s official reserves were at USD 516.8 million last month compared to the USD 476.1 million recorded in the previous month.

Full details are available from the link below:

Source URL: Mihaaru-Business

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