# Reserves net of short-term drains

_Our calculation from Maldives Monetary Authority series, not an official MMA figure._

- Latest: US$20.8 million (Sep 2026)

## How it is calculated

Official reserve assets less the predetermined short-term net drains on foreign currency (payments already committed within a year), both from MMA’s reserve data template, at the same month end.

Note: A proxy for what MMA calls usable reserves, not MMA’s own figure: MMA deducts its short-term foreign-currency liabilities, chiefly banks’ dollar deposits with it, and the template’s drains cover similar but not identical items.

## Made of

- Official reserves
- Short-term drains
- [Official reserve assets](https://www.goodmorningmaldives.com/dashboard/mma/3382)
- [Predetermined short-term net drains](https://www.goodmorningmaldives.com/dashboard/mma/3395)

## Month by month

| Month | Net of drains | Official reserves | Short-term drains |
| --- | --- | --- | --- |
| Sep 2026 | US$20.8m | US$547.8m | US$527m |
| Aug 2026 | US$79.9m | US$643.8m | US$563.9m |
| Jul 2026 | US$103.4m | US$638m | US$534.6m |
| Jun 2026 | US$118.9m | US$686.8m | US$567.9m |
| May 2026 | US$156.1m | US$704.8m | US$548.7m |
| Apr 2026 | US$147.7m | US$717.9m | US$570.2m |
| Mar 2026 | US$327.9m | US$1.33bn | US$1bn |
| Feb 2026 | US$246.1m | US$1.27bn | US$1.03bn |
| Jan 2026 | US$186.3m | US$1.03bn | US$839.9m |
| Dec 2025 | US$129.6m | US$984.6m | US$854.9m |
| Nov 2025 | US$80.2m | US$886.5m | US$806.3m |
| Oct 2025 | US$76.7m | US$866.3m | US$789.6m |
| Sep 2025 | US$77.7m | US$859.5m | US$781.7m |
| Aug 2025 | US$70.1m | US$810m | US$739.9m |
| Jul 2025 | US$86.3m | US$774.5m | US$688.2m |
| Jun 2025 | US$57.9m | US$832.4m | US$774.5m |
| May 2025 | US$73.6m | US$815.8m | US$742.2m |
| Apr 2025 | US$28.3m | US$856.3m | US$828m |
| Mar 2025 | US$19.9m | US$791m | US$771.1m |
| Feb 2025 | US$29.5m | US$832.1m | US$802.6m |
| Jan 2025 | −US$33.1m | US$708.1m | US$741.2m |
| Dec 2024 | −US$85.2m | US$673.9m | US$759.1m |
| Nov 2024 | −US$82.5m | US$616.2m | US$698.7m |
| Oct 2024 | −US$91.2m | US$614.6m | US$705.8m |
| Sep 2024 | US$48.7m | US$371.2m | US$322.5m |
| Aug 2024 | US$61.1m | US$443.9m | US$382.8m |
| Jul 2024 | US$43.5m | US$395.4m | US$351.9m |
| Jun 2024 | US$66.8m | US$509.2m | US$442.4m |
| May 2024 | US$73m | US$492.2m | US$419.2m |
| Apr 2024 | US$113.4m | US$622.1m | US$508.7m |
| Mar 2024 | US$113.5m | US$541.8m | US$428.2m |
| Feb 2024 | US$128.6m | US$588.8m | US$460.2m |
| Jan 2024 | US$109.5m | US$551.1m | US$441.5m |
| Dec 2023 | US$178.6m | US$590.5m | US$411.9m |
| Nov 2023 | US$97.9m | US$581.2m | US$483.3m |
| Oct 2023 | US$91.2m | US$552.2m | US$461.1m |
| Sep 2023 | US$126.2m | US$592.7m | US$466.5m |
| Aug 2023 | US$150.6m | US$694.2m | US$543.6m |
| Jul 2023 | US$124.9m | US$594.1m | US$469.2m |
| Jun 2023 | US$168m | US$702.2m | US$534.2m |
| May 2023 | US$147.5m | US$748.2m | US$600.6m |
| Apr 2023 | US$151.2m | US$756.8m | US$605.6m |
| Mar 2023 | US$200.1m | US$764.6m | US$564.6m |
| Feb 2023 | US$235.4m | US$795.8m | US$560.5m |
| Jan 2023 | US$253.6m | US$790m | US$536.3m |
| Dec 2022 | US$267.5m | US$832.1m | US$564.6m |
| Nov 2022 | US$218.9m | US$604.2m | US$385.3m |
| Oct 2022 | US$105m | US$499.6m | US$394.6m |

The latest 48 of 142 months. The full record is on the website.

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Canonical URL: https://www.goodmorningmaldives.com/dashboard/mma/ratios/reserves-net-of-drains
Source: Good Morning Maldives. Cite the canonical URL when quoting.