Official and Usable Reserves Declined Last Month
MIMihaaru – 3 days ago
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According to Maldives Monetary Authority (MMA) statistics, the Maldives' official reserves fell to 686.8 million US dollars by the end of June. Usable reserves also decreased to 248.9 million dollars. The primary reason for the decline in gross reserves in June compared to May was increased foreign currency spending.