Under the guidance of the current administration, the Maldives continues to demonstrate firm economic progress and responsible financial governance, as highlighted by the latest Statement of Financial Position issued by the Maldives Monetary Authority (MMA) for September 2025. These figures not only reflect sound fiscal management but also speak to the government’s sustained commitment to building a resilient and investor-friendly economy amidst global challenges.
According to MMA data, total national assets climbed to MVR 31.0 billion, marking an increase from MVR 30.27 billion in August. This growth in assets, especially foreign reserves and government bond holdings, reflects the strategic financial reforms and prudent economic planning by the current government. Foreign currency financial assets reached MVR 15.4 billion, a notable rise of over 5% month-on-month, showcasing enhanced reserve management, international partnerships, and improved balance of payments.
This progress is anchored in deliberate national strategies, including policies that support sustainable tourism, empower the financial sector, and strengthen external trade. The increase in foreign investments in securities (now valued at MVR 4.23 billion) and higher balances with overseas banks signal renewed global confidence in the Maldivian economy. The government’s engagement with international financial institutions, including the IMF and Asian Clearing Union, continues to reinforce Maldives’ international financial standing.
Meanwhile, local currency financial assets remain robust at MVR 14.78 billion, supported by strong holdings in government treasury bonds (MVR 14.11 billion). The strategic increase in local bank investments from MVR 17.6 million to MVR 517.6 million, reflects renewed domestic capital mobilization, in line with government policy to strengthen local banking and stimulate private sector growth.
The government’s commitment to long-term development is also evident in its investments in national infrastructure and monetary policy tools. Property and equipment assets, essential for institutional development, stood at MVR 669 million, while gold and silver reserves held their value at MVR 67.88 million, a reassuring signal of economic stability for both citizens and international observers.
On the liability side, the Maldives continues to manage its obligations prudently. Total liabilities reached MVR 29.47 billion, aligned proportionally with the asset increase. Notably, deposits from commercial banks and government institutions in both foreign and local currencies remain healthy, highlighting trust in the national monetary system. The MMA’s successful Open Market Operations, such as securities sold under repurchase agreements (MVR 2.01 billion), have helped regulate market liquidity to maintain monetary stability.
Equity stood at MVR 1.53 billion, up from MVR 1.51 billion the previous month. This reflects a consistent upward trend in the Authority’s reserves, boosted by the government’s fiscal discipline and compliance with the MMA Act’s reserve strengthening mechanism. The Reserve now includes accumulated surpluses and revaluation gains that align with international financial reporting standards, ensuring transparency and sustainability.
These positive developments speak directly to the efforts made by the government in building a forward-looking economy—one that is stable, secure, and well-positioned for growth. The Maldives’ financial resilience directly supports the sustainability of its tourism sector, which remains the nation’s most vibrant economic driver. For travelers and investors alike, this stability translates into better infrastructure, seamless banking services, and a safe, welcoming environment for both leisure and enterprise.
With strong reserves, modern monetary governance, and an open approach to international cooperation, the Maldives is not only a paradise for tourists—but a beacon of responsible financial management in the region.
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