The Maldives Monetary Authority has pointed to recent foreign currency reforms and policy coordination with the Government as key factors supporting the country’s ability to meet external obligations.
In a statement following the settlement of the USD 500 million sukuk, the central bank said it had acted as fiscal agent on behalf of the Government, facilitating the transaction through a combination of official reserves and the Sovereign Development Fund.
The authority indicated that the repayment reflects continued coordination between fiscal and monetary institutions, particularly in managing external liabilities and maintaining macroeconomic stability.
It also linked the outcome to recent policy measures, including the implementation of the Foreign Currency Act and associated reforms, which have contributed to strengthening foreign exchange reserves and improving the management of external obligations.
The Maldives Monetary Authority said it will continue to prioritise stability in the financial system, including ensuring liquidity in the domestic foreign currency market. It added that close coordination with the Government remains essential to strengthening external buffers and supporting sustainable economic conditions.
