President Dr Mohamed Muizzu has announced that the Maldives has achieved the highest level of gross international reserves in its history, crediting strengthened foreign exchange regulations for a major boost in dollar inflows during 2025.
Speaking during the Presidential Address 2026 at the People’s Majlis, President Muizzu said that USD 492 million was converted to the Maldives Monetary Authority between January and December 2025 following the implementation of the foreign exchange reforms.
“This contributed significantly to the growth of the Maldives’ official reserves throughout the year,” President Muizzu said, adding that the country’s Gross International Reserves have now exceeded USD 1.13 billion, the highest level ever recorded in the Maldives.
The President noted that the increase reflects the effectiveness of tighter foreign exchange management and improved regulatory compliance, which have strengthened the country’s external financial position and enhanced macroeconomic stability.
Higher reserve levels improve the Maldives’ capacity to meet external obligations, manage currency pressures, and ensure the uninterrupted import of essential goods, including fuel, food, and medical supplies.
The milestone underscores the Muizzu administration’s broader economic reform agenda, positioning stronger reserve buffers as a key pillar in safeguarding financial resilience and long-term economic stability.
