The Maldives Monetary Authority (MMA) has reported a continued decline in the country’s official reserves, marking the second consecutive month of downturn.

According to the MMA’s latest Economic Update detailing the financial status for July 2025, the Maldives’ official reserve assets dropped by two percent in July, following a one percent decline in June. The report highlights mounting pressure on the nation’s foreign currency reserves.

As of the end of July, total international reserves stood at USD 774.5 million, down from USD 832.4 million recorded at the end of June. The central bank noted that this sustained decrease has reduced the country’s foreign currency resources, though the report did not detail the specific drivers behind the decline.

The central bank is expected to monitor the situation closely amid ongoing fiscal and external challenges.