The Maldives Monetary Authority (MMA) has published its Statement of Financial Position for June 2025, revealing a modest month-on-month increase in both assets and equity, underpinned by growth in foreign currency holdings and continued investment in government securities.
As of 30 June 2025, the Authority’s total assets stood at MVR 30.6 billion, up from MVR 30.3 billion in May. This increase was primarily driven by a rise in foreign currency financial assets, which reached MVR 15.4 billion, compared to MVR 15.1 billion a month earlier. These include cash balances with overseas and local banks, fixed income securities, IMF-related assets, and receivables from international institutions.
Local currency financial assets, meanwhile, dipped slightly to MVR 14.3 billion from MVR 14.4 billion. The bulk of these continue to be held in government treasury bonds, which accounted for over MVR 14.1 billion. Other components include local cash balances, treasury bills, staff loans, and various short-term investments.
Non-financial assets, including property, equipment, gold, silver, and currency inventories, were valued at MVR 829 million in June, marginally lower than the MVR 836 million reported in May.
On the liabilities side, total obligations reached MVR 28.9 billion, a slight increase from MVR 28.7 billion the previous month. Foreign currency financial liabilities rose to MVR 12.8 billion, up from MVR 12.3 billion. These liabilities include balances held by commercial banks and government institutions, IMF obligations, and term deposits.
Local currency financial liabilities declined to MVR 16.1 billion in June from MVR 16.4 billion in May. The largest components were commercial bank reserves and currency in circulation, which together represented over 95 percent of this category.
Other liabilities, including pension and employment benefit obligations, remained relatively stable at just under MVR 19 million.
Equity increased to MVR 1.65 billion in June from MVR 1.61 billion in May. While the Authority’s capital held steady at MVR 50 million, the increase in reserves reflected gains from revaluations and accumulated profits. These reserves include general reserves mandated by the MMA Act, foreign asset revaluation gains, fair value adjustments on securities, and property revaluations.
Overall, the June 2025 balance sheet reflects continued resilience in the Authority’s financial position, supported by steady reserve management, conservative asset allocation, and growing equity buffers.
