The Maldives Monetary Authority (MMA) has injected MVR 3 billion into the open market operation (OMO) to help stabilize the value of the Maldivian Rufiyaa.

MMA said the measures were introduced to reduce pressure on the exchange rate and control excess liquidity in the banking system. Reverse repurchase operations under the OMO framework began in July 2025.

According to MMA statistics, the government currently owes MVR 14 billion to the central bank in long-term bonds, reflecting money printed in recent years.

The report also showed that money circulating in the economy increased by 21 percent in 2025, reaching MVR 72 billion.

In recent years, MMA amended the Money Exchange Act to require part of the foreign currency earned from tourism to be deposited in Maldivian banks. The authority said the move has helped strengthen foreign currency reserves and supported recent sukuk repayments by the government.