The Maldives Monetary Authority (MMA) has released its financial position for February 2025, highlighting notable growth, particularly driven by an increase in foreign currency assets.
The statement shows that total financial assets held by MMA stood at MVR 29.89 billion at the end of February, up significantly from MVR 27.98 billion recorded at the end of January. The rise primarily reflects growth in foreign currency financial assets, which increased to MVR 15.46 billion from MVR 13.55 billion—a marked rise of approximately MVR 1.91 billion within a month.
In contrast, local currency financial assets remained broadly stable, decreasing marginally to MVR 14.43 billion from MVR 14.44 billion during the same period.
On the liabilities side, MMA’s foreign currency financial liabilities increased to MVR 13.55 billion at the end of February, compared to MVR 11.75 billion at the end of January. Overall liabilities, including other obligations, reached MVR 29.23 billion, an increase from MVR 27.34 billion reported the previous month.
Equity held by MMA showed moderate growth, reaching MVR 1.66 billion at the end of February 2025, reflecting slight gains from the previous month’s figures.
The increase in foreign currency assets suggests a strengthened reserve position, which supports the MMA’s ability to maintain currency stability and manage economic shocks. This improved financial position aligns with the broader economic outlook for the Maldives, which anticipates stronger economic performance in 2025 driven by tourism recovery and infrastructure development.
These financial movements within the Maldives Monetary Authority underscore its crucial role in sustaining monetary stability and supporting ongoing economic expansion, despite prevailing global uncertainties.
