MMA

The Maldives Monetary Authority (MMA) has said that its Foreign Currency Financial Assets went down by MVR 34 million in one month.

MMA said in its Statement of Financial Position as at 30 June 2013 published yesterday that while its Foreign Currency Financial Assets went down by MVR 34 million last month, its Local Currency Financial Assets went up by MVR 73 million, which resulted in Total Financial Assets of MVR 11.4 billion last month.

MMA currently has MVR 666,912,797.72 in its Reserve.

MMA said that the Foreign Asset Revaluation Reserve comprises of gains and losses arising from any change in the valuation of the Authority's assets or liabilities in gold, foreign currencies or other units of account.