Maldives Monetary Authority (MMA) has stated that recent policy measures, including the implementation of the Foreign Currency Act (FRA), have helped strengthen foreign exchange reserves and support the management of external obligations.

In a statement, the central bank said the measures, implemented in close coordination with the Government, have improved the country’s foreign currency position and supported the timely servicing of external obligations, while helping safeguard macroeconomic stability.

The remarks follow the settlement of a USD 500 million Sukuk, along with associated coupon payments, on April 2, 2026, as part of the MMA’s role as fiscal agent on behalf of the government.

The authority said the payment was met through a combination of official reserves and the Sovereign Development Fund (SDF), reflecting continued coordination between the government and the central bank in managing external liabilities.

The MMA reaffirmed its commitment to maintaining monetary and financial stability, ensuring adequate liquidity in the domestic foreign currency market and continuing to implement prudent policies to support sustainable economic growth, while working closely with the Government to further strengthen external buffers.