The total assets of the Maldives financial sector was reported at MVR 24.2 billion by January 31, 2024, as per the Maldives Monetary Authority (MMA).
According to the central bank, this is a moderate decline from the MVR 24.8 billion observed in December 31, 2023.
Total foreign currency financial assets by the review date reached MVR 8.85 billion, with cash and balances with banks taking the majority share of this segment at MVR 4.41 billion, and investments in securities being the second largest component with MVR 3.94 billion.
The total local currency financial assets stood at MVR 14.6 billion, with the majority share of this segment taken up by investment in government treasury bonds, observed at MVR 14.5 billion.
The total financial assets by the end of January 2024 reached MVR 23.5 billion.
On the other hand, the total non-currency financial assets reached MVR 770 million, with property, plant and equipment taking the largest share from the segment at MVR 572 million.
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