T-bill issuance
- Latest
- MVR 4.86bn
- Jul 2021
- On a year earlier
- +68.4%
- same period last year
- 2021 to date
- MVR 33.49bn
- +24.2% on the same stretch of 2020
- Trend growth, 10 years
- 4.3% a year
- least-squares fit, R² 0.22
The whole record
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What the numbers say
Short term
The latest readings- The latest figure is MVR 4.86 billion for Jul 2021, up 68.4% on the same month a year earlier.
- In the first 7 months of 2021 the total was MVR 33.49 billion, up 24.2% on the same stretch of 2020.
- Over the latest 12 months it came to MVR 60.03 billion, up 33.3% on the 12 months before.
- The change on a year earlier averaged +55.2% over the last three months, against +24.6% in the three months before: the year-on-year pace has picked up.
- No figure has been published for any period after Jul 2021, so this may be a discontinued or long-delayed series.
Long term
The record as a whole- Trend growth over the past 10 years is 4.3% a year (least-squares fit on the logarithm; R² 0.22, a loose fit: the series has not followed a steady path, and this rate says little).
- Measured end to end, compound growth is 14.7% a year over five years and 11.9% a year over ten, on 12-month totals.
- The record high (12-month total) was MVR 60.43 billion in the year to May 2021; the latest is 0.7% below it.
- Year-on-year growth has typically varied by about 39.7 percentage points (one standard deviation) over the past five years.
- There is a regular seasonal pattern: over the last 5 full years the high point has been October and the low point July. Compare each month with the same one a year earlier, not with the one before.
How to read this series
Domestic borrowing. Who holds the government’s domestic debt, and the treasury bills issued, repaid and outstanding each month. Treasury bills are short-term borrowing that must be rolled over, so the outstanding amount and its maturity mix show how much refinancing is always due.
- Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
- A flow: it measures activity during each month, and months add up to an annual total.
- Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.
MMA’s note: Value of treasury bills sold
Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.
Revisions
This site holds one version of this series so far, first stored on 6 Oct 2026. Each time MMA adds a period or revises a past figure, a new version is kept alongside the old one and the two are charted against each other here.
| Version | Stored | MMA updated | Covers | Added | Revised | Removed |
|---|---|---|---|---|---|---|
| 1 (current) | 6 Oct 2026 | 31 Jan 2022 | Sep 2006 – Jul 2021 | — | — | — |
Sorted by Version, descending.
All figures
Every period on record, newest first. Sort by any column, filter, copy the table or download it as CSV.
| Jul 2021 | MVR 4.86 billion | +68.4% |
|---|---|---|
| Jun 2021 | MVR 4.07 billion | −36.8% |
| May 2021 | MVR 4.41 billion | +133.9% |
| Apr 2021 | MVR 5.02 billion | +47.2% |
| Mar 2021 | MVR 5.29 billion | −4.7% |
| Feb 2021 | MVR 4.49 billion | +31.4% |
| Jan 2021 | MVR 5.35 billion | +58.3% |
| Dec 2020 | MVR 4.54 billion | +28.4% |
| Nov 2020 | MVR 4.29 billion | +19.7% |
| Oct 2020 | MVR 5.23 billion | +16.2% |
| Sep 2020 | MVR 5.52 billion | +67.1% |
| Aug 2020 | MVR 6.95 billion | +121.5% |
| Jul 2020 | MVR 2.89 billion | +13.5% |
| Jun 2020 | MVR 6.44 billion | +105.9% |
| May 2020 | MVR 1.89 billion | −27.3% |
| Apr 2020 | MVR 3.41 billion | +6.3% |
| Mar 2020 | MVR 5.55 billion | +101.7% |
| Feb 2020 | MVR 3.41 billion | +15.9% |
| Jan 2020 | MVR 3.38 billion | −8.0% |
| Dec 2019 | MVR 3.54 billion | +3.4% |
| Nov 2019 | MVR 3.59 billion | −9.3% |
| Oct 2019 | MVR 4.5 billion | +21.0% |
| Sep 2019 | MVR 3.31 billion | +77.1% |
| Aug 2019 | MVR 3.14 billion | −19.4% |
| Jul 2019 | MVR 2.54 billion | −13.2% |
| Jun 2019 | MVR 3.13 billion | +23.6% |
| May 2019 | MVR 2.6 billion | −33.9% |
| Apr 2019 | MVR 3.21 billion | −6.5% |
| Mar 2019 | MVR 2.75 billion | −1.0% |
| Feb 2019 | MVR 2.95 billion | −17.7% |
Sorted by Period, descending.
About this series
- Source
- Maldives Monetary Authority; Ministry of Finance and Planning
- Published by
- MMA Statistics Database, series 2201
- MMA table
- Fiscal Sector › Summary of Treasury Bills and Islamic Instruments
- Coverage
- Sep 2006 to Jul 2021 · 179 observations
- MMA updated
- 31 Jan 2022
- Last checked
- 22 Oct 2026
The analysis is calculated by Good Morning Maldives from the published figures; it describes the data and is not a forecast.