According to the Maldives Monetary Authority (MMA) report, foreign currency revenue generated from tourism-related taxes and fees increased by 6% during the first half of this year compared to the same period last year. Furthermore, the MMA received $318.8 million through commercial banks under the Foreign Exchange Act. However, official reserves declined to $686.8 million by the end of June 2026, following a total expenditure of $608.6 million from the reserves for foreign debt obligations, including the government’s sukuk and the $400 million currency swap arrangement with India.
