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Currency outside depository corporations

Broad money › Narrow moneyMonthlyRufiyaa (MVR)Part of Narrow money

Latest
MVR 4.42bn
Aug 2026
On a year earlier
+15.2%
same period last year
Trend growth, 10 years
4.2% a year
least-squares fit, R² 0.87

The whole record

Loading chart…

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 4.42 billion for Aug 2026, up 2.3% from Jul 2026 and up 15.2% on the same month a year earlier.
  • The change on a year earlier averaged +14.0% over the last three months, against +15.7% in the three months before: the year-on-year pace has eased.

Long term

The record as a whole
  • Trend growth over the past 10 years is 4.2% a year (least-squares fit on the logarithm; R² 0.87, a close fit, so the series has followed a steady path).
  • Measured end to end, compound growth is 6% a year over five years and 5.4% a year over ten.
  • The latest figure is the highest on record.
  • Year-on-year growth has typically varied by about 7.8 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.

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 Currency outside depository corporations
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 Currency outside depository corporations
Aug 2026MVR 4.42 billion+15.2%
Jul 2026MVR 4.33 billion+13.5%
Jun 2026MVR 4.29 billion+13.3%
May 2026MVR 4.34 billion+15.6%
Apr 2026MVR 4.33 billion+16.8%
Mar 2026MVR 4.32 billion+14.7%
Feb 2026MVR 4.18 billion+13.1%
Jan 2026MVR 4.06 billion+12.4%
Dec 2025MVR 4.09 billion+11.6%
Nov 2025MVR 3.94 billion+8.7%
Oct 2025MVR 3.95 billion+7.8%
Sep 2025MVR 3.84 billion+5.1%
Aug 2025MVR 3.84 billion+4.5%
Jul 2025MVR 3.81 billion+5.8%
Jun 2025MVR 3.79 billion+6.3%
May 2025MVR 3.75 billion+5.2%
Apr 2025MVR 3.71 billion+1.5%
Mar 2025MVR 3.77 billion+1.1%
Feb 2025MVR 3.7 billion+5.0%
Jan 2025MVR 3.62 billion+4.7%
Dec 2024MVR 3.67 billion+4.4%
Nov 2024MVR 3.62 billion+3.4%
Oct 2024MVR 3.66 billion+3.2%
Sep 2024MVR 3.65 billion−2.6%
Aug 2024MVR 3.67 billion+2.8%
Jul 2024MVR 3.6 billion+4.7%
Jun 2024MVR 3.57 billion+1.8%
May 2024MVR 3.57 billion+5.1%
Apr 2024MVR 3.65 billion+9.3%
Mar 2024MVR 3.73 billion+13.5%

Sorted by Period, descending.

About this series

Source
Maldives Monetary Authority
Published by
MMA Statistics Database, series 2301
MMA table
Financial Sector › Depository Corporations Survey › Broad money › Narrow 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.