Money & credit
Money supply, bank credit and interest rates, published statistics from MMA, in millions of MVR. "Net claims on central government" is what the banking system, including the central bank, has lent the state, net of the state's own deposits. Bank soundness, financial access and insurance are on their own pages.
Credit: government vs the private sector
Millions of MVR. When the government line runs above the private-sector line, the banking system is lending more to the state than to all businesses and households combined.
Broad money (M2)
Millions of MVR. The total stock of money in the economy: cash plus deposits.
Dollarization
Share of bank deposits held in foreign currency (%). A rising ratio signals weaker confidence in holding rufiyaa.
Where bank credit goes
Outstanding bank loans to the private sector by economic activity (table 7.9): which parts of the economy the banking system funds.
Outstanding loans as at Aug 2026, millions of MVR; share of the total loan book at right.
The monetary base
MMA's own balance sheet (table 7.1): the base money the central bank creates, distinct from the whole-system money supply above.
What the monetary base is made of
Millions of MVR. Currency in circulation plus the reserves banks are required to hold at MMA, together making up the base money the central bank creates.
Beyond the banks
The banking system isn't the whole financial system. The pension fund, insurers and finance companies add to both money supply and private credit (tables 7.5 and 7.11).
Bank deposits vs. the whole financial system
Millions of MVR. The gap is deposits held at the pension fund, insurers and other non-bank financial corporations.
Who holds the country's net foreign assets
Millions of MVR, 2026-08. Net foreign assets by type of institution. A negative value means foreign liabilities exceed foreign assets.
Deposits by currency
Behind the single dollarization ratio (table 7.7): how bank deposits actually split by currency and type.
Deposits, by currency and type
Millions of MVR, 2026-08. Transferable deposits are current/checking accounts; term & other includes savings and fixed deposits.
Rufiyaa vs. foreign-currency deposits
Millions of MVR, transferable plus term & other combined.
What borrowing costs
Key policy and market interest rates (table 8): the price of money for savers, the government and private borrowers.
Key interest rates
Monthly, percent per annum, as published (Table 8).