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Narrow money

Depository Corporations Survey › Broad moneyMonthlyRufiyaa (MVR)Part of Broad money

Latest
MVR 30.66bn
Aug 2026
On a year earlier
+19.2%
same period last year
Trend growth, 10 years
9% a year
least-squares fit, R² 0.94

The whole record

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Source: Maldives Monetary Authority, via the Maldives Monetary Authority statistics database.

What the numbers say

Short term

The latest readings
  • The latest figure is MVR 30.66 billion for Aug 2026, down 1% from Jul 2026 and up 19.2% on the same month a year earlier.
  • The change on a year earlier averaged +19.8% over the last three months, against +18.4% in the three months before: the year-on-year pace has picked up.

Long term

The record as a whole
  • Trend growth over the past 10 years is 9% a year (least-squares fit on the logarithm; R² 0.94, a close fit, so the series has followed a steady path).
  • Measured end to end, compound growth is 7.9% a year over five years and 8.5% a year over ten.
  • The record high was MVR 31.25 billion in Jun 2026; the latest is 1.9% below it.
  • Year-on-year growth has typically varied by about 8 percentage points (one standard deviation) over the past five years.

How to read this series

Money supply. Narrow money is currency in circulation plus deposits that can be spent on demand; adding savings, time and foreign-currency deposits gives broad money. The dollarization ratio is the share held in foreign currency. The monetary base is the central bank’s own money: currency plus the reserves banks hold with it.

  • Shown in current prices (nominal). Part of any long-run rise reflects inflation rather than a larger real amount.
  • A stock: it is the amount outstanding at the end of each month, not activity during it, so periods are never added together.
  • Recent periods are often revised as fuller data arrive. The version comparison below shows what MMA has changed since this site began keeping copies.

Terms such as percentage points, flows and stocks, and trend growth are explained in How to read the tracker.

What is driving it

How much each component added to, or took from, the total’s growth on a year earlier.

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Each bar segment is a component’s change over the year as a share of the total a year earlier, in percentage points; the segments add up to the line. Calculation by Good Morning Maldives from MMA data.
Components of Narrow money
Currency outside depository corporationsMVR 4.42bn
Transferable depositsMVR 26.23bn

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.

Stored versions of Narrow money
VersionStoredMMA updatedCoversAddedRevisedRemoved
1 (current)6 Oct 202623 Sep 2026Jan 1986 – Aug 2026———

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.

Every observation of Narrow money
Aug 2026MVR 30.66 billion+19.2%
Jul 2026MVR 30.96 billion+20.6%
Jun 2026MVR 31.25 billion+19.7%
May 2026MVR 30.82 billion+15.2%
Apr 2026MVR 30.08 billion+20.8%
Mar 2026MVR 29.5 billion+19.1%
Feb 2026MVR 30.56 billion+24.5%
Jan 2026MVR 28.64 billion+20.7%
Dec 2025MVR 28.46 billion+23.7%
Nov 2025MVR 27.83 billion+17.7%
Oct 2025MVR 26.88 billion+16.2%
Sep 2025MVR 25.96 billion+10.3%
Aug 2025MVR 25.73 billion+11.3%
Jul 2025MVR 25.68 billion+12.6%
Jun 2025MVR 26.1 billion+12.2%
May 2025MVR 26.75 billion+15.9%
Apr 2025MVR 24.91 billion+8.4%
Mar 2025MVR 24.77 billion+9.0%
Feb 2025MVR 24.55 billion+8.1%
Jan 2025MVR 23.73 billion+2.0%
Dec 2024MVR 23.01 billion−1.6%
Nov 2024MVR 23.64 billion+2.3%
Oct 2024MVR 23.14 billion+0.5%
Sep 2024MVR 23.52 billion+0.7%
Aug 2024MVR 23.12 billion−1.8%
Jul 2024MVR 22.8 billion−0.3%
Jun 2024MVR 23.26 billion−1.5%
May 2024MVR 23.09 billion−0.7%
Apr 2024MVR 22.98 billion+0.4%
Mar 2024MVR 22.72 billion+1.5%

Sorted by Period, descending.

About this series

Source
Maldives Monetary Authority
Published by
MMA Statistics Database, series 2300
MMA table
Financial Sector › Depository Corporations Survey › Broad money
Coverage
Jan 1986 to Aug 2026 · 488 observations
MMA updated
23 Sep 2026
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.