Monthly Economics Highlight published by Maldives Monetary Authority (MMA) shows a 59% increase in gross international reserve.
The last report published was on February – the reserve then stood at USD 625.9 million. Current reserve per MMA statistic stands at USD 788.8 million. Which is a 59% and 9% growth annually and monthly respectively.
Inflation rates also had a noticeable decline. After registering a 0.1% at the end of March 2018 the number was dropped to -1.5% at the end of April 2018. Main contributors to this was the significant decrease in electricity price, followed by food and furniture prices. This could be a direct result of the sales which occurred during the holy month of Ramadan and the prices could be expected to rise. However, during this period housing rentals saw an increase.
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