Business

Maldives reserve slides significantly low

The usable reserve of Maldives has slid significantly low registering only a total of USD 179 million.

In a monthly review published by central bank - Maldives Monetary Authority - it had stated the reserve fell low due to the income received in US Dollars had been lower than expected.

MMA confirms the official reserve of Maldives by November's end had been at USD 494.4 million which is a slip by 5% on a monthly basis.

The authority had also confirmed the state income in last month had been at MVR 1.3 billion, which is an MVR 80.2 million increase compared to the figures of October.