# Reserves to broad money

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

- Latest: 10.57% (Sep 2026)

## How it is calculated

Official reserve assets converted to rufiyaa at the month-end exchange rate, as a share of broad money at the same month end.

Note: Broad money includes foreign-currency deposits, so the ratio measures how far reserves could meet a run out of all bank money, not only rufiyaa.

## Made of

- Official reserves
- Rufiyaa per US dollar
- Reserves in rufiyaa
- Broad money
- [Official reserve assets](https://www.goodmorningmaldives.com/dashboard/mma/3382)
- [Broad money](https://www.goodmorningmaldives.com/dashboard/mma/2299)
- [United States dollar](https://www.goodmorningmaldives.com/dashboard/mma/4039)
- [MVR per USD (average)](https://www.goodmorningmaldives.com/dashboard/mma/4061)

## Month by month

| Month | Share of broad money | Official reserves | Rufiyaa per US dollar | Reserves in rufiyaa | Broad money |
| --- | --- | --- | --- | --- | --- |
| Sep 2026 | 10.57% | US$547.8m | MVR 15.42 | MVR 8.45bn | MVR 79.88bn |
| Aug 2026 | 12.49% | US$643.8m | MVR 15.42 | MVR 9.93bn | MVR 79.51bn |
| Jul 2026 | 12.44% | US$638m | MVR 15.42 | MVR 9.84bn | MVR 79.1bn |
| Jun 2026 | 13.49% | US$686.8m | MVR 15.42 | MVR 10.59bn | MVR 78.52bn |
| May 2026 | 13.85% | US$704.8m | MVR 15.42 | MVR 10.87bn | MVR 78.45bn |
| Apr 2026 | 14.17% | US$717.9m | MVR 15.42 | MVR 11.07bn | MVR 78.15bn |
| Mar 2026 | 26.38% | US$1.33bn | MVR 15.42 | MVR 20.54bn | MVR 77.84bn |
| Feb 2026 | 25.31% | US$1.27bn | MVR 15.42 | MVR 19.61bn | MVR 77.48bn |
| Jan 2026 | 21.47% | US$1.03bn | MVR 15.42 | MVR 15.82bn | MVR 73.7bn |
| Dec 2025 | 21.12% | US$984.6m | MVR 15.42 | MVR 15.18bn | MVR 71.87bn |
| Nov 2025 | 19.5% | US$886.5m | MVR 15.42 | MVR 13.67bn | MVR 70.11bn |
| Oct 2025 | 19.77% | US$866.3m | MVR 15.42 | MVR 13.36bn | MVR 67.56bn |
| Sep 2025 | 20% | US$859.5m | MVR 15.42 | MVR 13.25bn | MVR 66.28bn |
| Aug 2025 | 18.97% | US$810m | MVR 15.42 | MVR 12.49bn | MVR 65.84bn |
| Jul 2025 | 18.57% | US$774.5m | MVR 15.42 | MVR 11.94bn | MVR 64.32bn |
| Jun 2025 | 19.9% | US$832.4m | MVR 15.42 | MVR 12.84bn | MVR 64.52bn |
| May 2025 | 19.37% | US$815.8m | MVR 15.42 | MVR 12.58bn | MVR 64.95bn |
| Apr 2025 | 20.28% | US$856.3m | MVR 15.42 | MVR 13.2bn | MVR 65.11bn |
| Mar 2025 | 18.75% | US$791m | MVR 15.42 | MVR 12.2bn | MVR 65.07bn |
| Feb 2025 | 20.09% | US$832.1m | MVR 15.41 | MVR 12.82bn | MVR 63.82bn |
| Jan 2025 | 17.72% | US$708.1m | MVR 15.42 | MVR 10.92bn | MVR 61.61bn |
| Dec 2024 | 17.55% | US$673.9m | MVR 15.42 | MVR 10.39bn | MVR 59.2bn |
| Nov 2024 | 16% | US$616.2m | MVR 15.39 | MVR 9.48bn | MVR 59.28bn |
| Oct 2024 | 16.77% | US$614.6m | MVR 15.41 | MVR 9.47bn | MVR 56.47bn |
| Sep 2024 | 10.04% | US$371.2m | MVR 15.38 | MVR 5.71bn | MVR 56.84bn |
| Aug 2024 | 11.91% | US$443.9m | MVR 15.41 | MVR 6.84bn | MVR 57.44bn |
| Jul 2024 | 10.7% | US$395.4m | MVR 15.41 | MVR 6.09bn | MVR 56.97bn |
| Jun 2024 | 13.48% | US$509.2m | MVR 15.42 | MVR 7.85bn | MVR 58.26bn |
| May 2024 | 12.87% | US$492.2m | MVR 15.4 | MVR 7.58bn | MVR 58.9bn |
| Apr 2024 | 15.75% | US$622.1m | MVR 15.41 | MVR 9.59bn | MVR 60.86bn |
| Mar 2024 | 13.82% | US$541.8m | MVR 15.41 | MVR 8.35bn | MVR 60.42bn |
| Feb 2024 | 14.91% | US$588.8m | MVR 15.41 | MVR 9.07bn | MVR 60.84bn |
| Jan 2024 | 14% | US$551.1m | MVR 15.39 | MVR 8.48bn | MVR 60.59bn |
| Dec 2023 | 15.35% | US$590.5m | MVR 15.4 | MVR 9.09bn | MVR 59.24bn |
| Nov 2023 | 15.34% | US$581.2m | MVR 15.39 | MVR 8.94bn | MVR 58.31bn |
| Oct 2023 | 14.85% | US$552.2m | MVR 15.41 | MVR 8.51bn | MVR 57.29bn |
| Sep 2023 | 16.16% | US$592.7m | MVR 15.42 | MVR 9.14bn | MVR 56.56bn |
| Aug 2023 | 18.64% | US$694.2m | MVR 15.41 | MVR 10.7bn | MVR 57.38bn |
| Jul 2023 | 16.2% | US$594.1m | MVR 15.37 | MVR 9.13bn | MVR 56.38bn |
| Jun 2023 | 18.81% | US$702.2m | MVR 15.38 | MVR 10.8bn | MVR 57.42bn |
| May 2023 | 19.51% | US$748.2m | MVR 15.4 | MVR 11.52bn | MVR 59.05bn |
| Apr 2023 | 19.32% | US$756.8m | MVR 15.31 | MVR 11.59bn | MVR 59.99bn |
| Mar 2023 | 20.06% | US$764.6m | MVR 15.39 | MVR 11.77bn | MVR 58.66bn |
| Feb 2023 | 21.35% | US$795.8m | MVR 15.4 | MVR 12.26bn | MVR 57.41bn |
| Jan 2023 | 21.61% | US$790m | MVR 15.4 | MVR 12.17bn | MVR 56.28bn |
| Dec 2022 | 23.14% | US$832.1m | MVR 15.4 | MVR 12.81bn | MVR 55.37bn |
| Nov 2022 | 17.46% | US$604.2m | MVR 15.37 | MVR 9.29bn | MVR 53.19bn |
| Oct 2022 | 14.72% | US$499.6m | MVR 15.4 | MVR 7.69bn | MVR 52.29bn |

The latest 48 of 489 months. The full record is on the website.

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Canonical URL: https://www.goodmorningmaldives.com/dashboard/mma/ratios/reserves-to-broad-money
Source: Good Morning Maldives. Cite the canonical URL when quoting.