The Government’s official reserves rose to nearly USD 1 billion by the end of 2025, a 45.9 per cent increase compared to the end of 2024, according to statistics released by the Maldives Monetary Authority.

MMA data shows that as of December 2025, official reserves stood at USD 983 million, up from USD 673.9 million at the end of 2024.

A breakdown of reserve assets indicates that foreign currency reserves accounted for USD 975.9 million. The reserve position at the International Monetary Fund stood at USD 6.6 million, while Special Drawing Rights amounted to USD 0.6 million.

The increase in reserves comes amid a series of decisive economic reforms implemented in 2025. A key measure was the enactment of the Foreign Currency Bill on 1 January 2025, which established a regulatory framework requiring businesses operating under Maldivian law to exchange foreign currency generated from realised sales proceeds through domestic banks. Under the policy, 60 per cent of these proceeds are channelled towards strengthening the country’s official reserves.

The growth in reserves was also supported by a strong performance in the tourism sector. The Maldives recorded its highest-ever annual tourist arrivals in 2025, with 2.25 million visitors. This led to higher inflows from dollar-denominated taxes and fees, including Tourism Goods and Services Tax (TGST) and the Airport Development Fee.