The total financial liabilities of the country have grown to MVR 24.1 billion by the end of August, the Maldives Monetary Authority (MMA) has reported.
Among the state’s financial liabilities are foreign currency financial liabilities and local currency financial liabilities.
According to the MMA’s Statement of Financial Position August 2021, the foreign currency financial liabilities at the end of August were MVR 11.2 billion, while the local currency financial liabilities stood at MVR 12.9 billion.
Furthermore, pension and other payable and deferred grants are included in the state’s financial liabilities, which were MVR 31.5 million at the end of last month.
According to the central bank, the country’s assets reached MVR 24.9 billion by the end of August, with financial assets accounting for MVR 24.6 billion. The financial assets comprise MVR 14.5 billion in foreign currency and MVR 10.1 billion in local currency.
The MMA statistics also revealed that the country’s financial obligations and assets rose in August compared to July. In July, the state’s financial obligations were MVR 23.4 billion, while its assets were MVR 24.1 billion.