The Maldives Monetary Authority (MMA) has decided to increase the amount of US dollars issued to banks by 32 percent to support food imports during Ramadan.

MMA said the decision was made to ease foreign currency demand from banks importing staple food items for the holy month. Under the new policy, which takes effect on February 17, 2026, the central bank will raise dollar sales to banks by 32 percent above the normal allocation.

According to MMA, the additional supply of US dollars will help importers make timely payments to foreign suppliers. With food consumption expected to rise during Ramadan, the move aims to reduce pressure on the import system and ensure uninterrupted availability of essential commodities in the Maldivian market.

The authority described the measure as an important step to strengthen the foreign exchange market and support the banking system.