The Maldives state reserves reached USD685 million by the end of January 2020 according to Maldives Monetary Authority (MMA).
MMA revealed the state reserve total observed in the review month was an increase of USD8 million compared to the same period in 2019.
In 2019, the state reserves noted its highest valuation at USD938 million in the month of February.
It was also reported that by the end of December 2019 the usable reserves of Maldives was at USD315.8 million, and on top of this the central bank forecasts the state reserves will hit USD863 million by the end of 2020.
Maldives President Ibrahim Mohamed Solih, earlier pledged to increase the state reserves up to USD1 billion by the end of his first presidential term.
