Maldives Monetary Authority Balance Sheet March 2026

MALDIVES MONETARY AUTHORITY

STATEMENT OF FINANCIAL POSITION

MARCH 2026

mma.gov.mv

Interest and other receivables 1.04 149,166,234 125,461,470 Investments in securities 1.05 4,313,927,020 4,346,681,436

Cash and balances with banks 2.01 1,635,824,786 1,630,388,136 Cheques for collection 2.03 73,816 - Investment in Government T-Bills 2.05 63,287,982 62,850,313 2.06 13,992,630,086 14,022,233,833

9TYFQQTHFQHZWWJSH^KNSFSHNFQFXXJYX   9TYFQKNSFSHNFQFXXJYX  

Gold and silver assets 3.01 113,332,884 113,332,884 Inventories 3.02 74,441,523 71,236,326 Property, plant and equipment 3.03 655,940,062 657,641,645 1 Intangible assets 3.04 11,081,843 11,354,430 9TYFQQTHFQHZWWJSH^STSKNSFSHNFQFXXJYX   89&92394++.3&3(.&1548.9.43(All amounts in Maldivian Rufiyaa unless otherwise stated) As at 31-Mar-20269TYFQFXXJYX  &88*98+TWJNLSHZWWJSH^KNSFSHNFQFXXJYX 1THFQHZWWJSH^KNSFSHNFQFXXJYX 1THFQHZWWJSH^STSKNSFSHNFQFXXJYX  3TYJ 9ZJXIF^2FWHM 9MZWXIF^+JGWZFW^Cash and balances with banks 1.01 17,072,572,510 16,428,175,657 IMF related assets 1.02 449,764,873 454,692,174 Subscriptions to international agencies 1.03 834,222 834,222 Monetary Gold 1.06 140,620,840 - Subscriptions to international agencies 2.02 8,264,330 8,264,330 Interest and other receivables 2.04 9,647,940 13,610,700 Investment in Government treasury bonds Short term loans 2.07 1,907,073 2,152,188 Long term loans 2.08 19,781 20,203 Investment in Subsidiaries 2.09 600,000,000 600,000,000 Other assets 3.05 26,261,723 26,759,108 9TYFQKTWJNLSHZWWJSH^KNSFSHNFQFXXJYX  

89&92394++.3&3(.&1548.9.43

Balances of commercial banks 4.01 2,733,868,141 3,356,710,091 Balances of Government and Government institutions 4.02 5,788,603,996 4,714,294,530 Payable to Asian Clearing Union 4.03 457,550,426 962,308,239 IMF related liabilities 4.04 505,024,917 510,450,006 Interest bearing loans 4.05 72,076,904 73,702,422 Deposits of international financial institutions 4.06 834,222 834,222 Deposits by Money Changers 4.08 52,582,200 51,040,200 Term Deposits 4.09 - 308,400,000 9TYFQKTWJNLSHZWWJSH^KNSFSHNFQQNFGNQNYNJX  

Balances of commercial banks 5.01 10,380,345,037 9,257,286,514 Balances of Government and Government institutions 5.02 479,222,006 628,935,506 Securities sold under agreement to repurchase 5.03 4,850,000,000 4,950,000,000 Currency in circulation 5.04 5,020,931,929 4,821,939,719 Balances of insurance and payment service providers 5.05 17,042,176 17,042,176 Deposits of international financial institutions 5.06 31,450,287 31,450,287 Deposit insurance fund 5.07 49,574 5,477,962 Other liabilities 5.08 170,157,300 166,500,447 Share Capital Payable to Subsidiaries 5.09 577,212,600 577,212,600 9TYFQQTHFQHZWWJSH^KNSFSHNFQQNFGNQNYNJX   9TYFQKNSFSHNFQQNFGNQNYNJX  

Pension and other employment benefits payable 6.01 18,425,800 16,313,475 Deferred grants 6.02 1,200,576 1,246,752 9TYFQTYMJWQNFGNQNYNJX   9TYFQQNFGNQNYNJX  

Capital 7.01 50,000,000 50,000,000 Reserve 7.02 1,645,639,424 1,643,884,021 9TYFQJVZNY^   9TYFQQNFGNQNYNJXFSIJVZNY^  

(All amounts in Maldivian Rufiyaa unless otherwise stated) As at 31-Mar-20261.&'.1.9.8+TWJNLSHZWWJSH^KNSFSHNFQQNFGNQNYNJX 1THFQHZWWJSH^KNSFSHNFQQNFGNQNYNJX 4YMJWQNFGNQNYNJX 6:.9>  3TYJ 9ZJXIF^2FWHM 9MZWXIF^+JGWZFW^Other liabilities 4.07 6,467,382,013 6,430,659,886

**= & & >  *   - *  & * *  +  + . & ( . &  . . *

Following are the explanatory notes for the Statement of Financial Position published as at 31 March 2026. These notes briefly explain the nature and what these balances constitute of.

&88 * 9 8 

 + 4 7 * . , 3  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  & 8 8 * 9 8 *=51&3 & 9 4 7 >  3 4 9 * 8  9 4  9 - *  8 9 & 9 * 2 * 3 9  4 +  + . 3 & 3 ( . & 1  5 4 8 . 9 . 4 3

1.01 C a s h a n d b a l a n c e s w i t h b a n k s : The balance under the heading comprises of foreign currency cash held in Maldives and deposits held at local and overseas banks. 1.02 I M F r e l a t e d a s s e t s : These are assets recorded as a result of being the fiscal agent and depository of Maldives to the

&88 * 9 8  International Monetary Fund. The balance comprises of IMF Quota, Holdings of SDR (Special Drawing Rights) and

other receivables from IMF. 

 + 4 7 * . , 3  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  & 8 8 * 9 8 

1.03 S u b s c r i p t i o n s t o i n t e r n a t i o n a l a g e n c i e s : The balance under the heading represents the foreign currency promissory Cash and ba l a n c e s w i t h b a n k s : notes issued by Ministry of Finance to International Financial Institutions as subscriptions for membership share and related purposes. IMF related a s s e t s :1.04 I n t e r e s t a n d o t h e r r e c e i v a b l e s : These are all interest and other foreign currency receivables that are not included in the other categories of Foreign Currency Financial Assets. 1.05 I n v e s t m e n t s i n s e c u r i t i e s : These are investments in fixed income securities for foreign reserve management Subscription s t o i n t e r n a t i o n a l a g e n c i e s : purposes which are classified as instruments held to collect contractual cashflows and for sale. 1.06 M o n e t a r y G o l d : The balance under the heading represents the fair value of monetary gold held by the Authority for the purpose of foreign reserve management. Interest and o t h e r r e c e i v a b l e s :

 1 4 ( & 1  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  & 8 8 * 9 8 

Inve s t m e n t s i n s e c u r i t i e s :  2.01 C a s h a n d b a l a n c e s w i t h b a n k s : The balance under the heading comprises of local currency deposits held in local bank and local currency investments held at local banks. Mon e t a r y G o l d : 2.02 S u b s c r i p t i o n s t o i n t e r n a t i o n a l a g e n c i e s : The balance under the heading represents the local currency promissory notes issued by Ministry of Finance to International Financial Institutions for membership subscriptions and related purposes. 14( & 1  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  & 8 8 * 9 8 

 2.03 C h e q u e s f o r c o l l e c t i o n : These are local currency cheques drawn on banks registered in Maldives which are Ca s h a n d b a l a n c e s w i t h b a n k s : received to the Authority.

Sub s c r i p t i o n s t o i n t e r n a t i o n a l a g e n c i e s :

Che q u e s f o r c o l l e c t i o n : 3

2.04 I n t e r e s t a n d o t h e r r e c e i v a b l e s : These are all other local currency receivables that are not included in the other categories of local currency financial assets. 2.05 I n v e s t m e n t i n G o v e r n m e n t T - B i l l s : The balance under the heading represents Treasury Bills (T-bills) purchased from the Government recorded at discount price. Interest and o t h e r r e c e i v a b l e s : 2.06 I n v e s t m e n t i n G o v e r n m e n t t r e a s u r y b o n d s : This is the outstanding principal value of the Authority's holdings of Government Bonds. Investment i n G o v e r n m e n t T - B i l l s :2.07 S h o r t t e r m l o a n s : This is the fair value of the short term loans provided to staff. 2.08 L o n g t e r m l o a n s : This is the fair value of the long term loans provided to staff. Investment i n G o v e r n m e n t t r e a s u r y b o n d s : 2.09 I n v e s t m e n t i n S u b s i d i a r i e s : This balance represents total equity contributions towards subsidiaries owned by the Authority. Short term l o a n s :

 1 4 ( & 1  ( : 7 7 * 3 ( >  3 4 3  + . 3 & 3 ( . & 1  & 8 8 * 9 8 

Lon g t e r m l o a n s : 3.01 G o l d a n d s i l v e r a s s e t s : This is the value of gold and silver held by the Authority. Inve s t m e n t i n S u b s i d i a r i e s 3.02 I n v e n t o r i e s : This is the value of the stock of currency notes and coins not issued into circulation. 3.03 P r o p e r t y , p l a n t a n d e q u i p m e n t : This is the net book value of all tangible fixed assets of the Authority. 14(& 1  ( : 7 7 * 3 ( >  3 4 3  + . 3 & 3 ( . & 1  & 8 8 * 9 8  3.04 I n t a n g i b l e a s s e t s : This is the net book value of all intangible assets of the Authority. Gold a n d s i l v e r a s s e t s : 3.05 O t h e r a s s e t s : This balance includes the deferred replacement costs of RDF notes, deferred employee benefits of Inve n t o r i e s : the loans provided to staff of the Authority, sundry receivables and the balance of any prepaid expenses by the Prop e r t y , p l a n t a n d e q u i p m e n t : Authority. Inta n g i b l e a s s e t s : 1 . & ' . 1 . 9 . * 8    * 6 : . 9 > 

Other ass e t s :

  + 4 7 * . , 3  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  1 . & ' . 1 . 9 . * 8 

4.01 B a l a n c e s o f c o m m e r c i a l b a n k s : These are the USD balances kept by commercial banks registered in Maldives for fulfilling the minimum reserve requirement and for payment clearing settlement purposes.

1.&' . 1 . 9 . * 8    * 6 : . 9 > 

4.02 B a l a n c e s o f G o v e r n m e n t a n d G o v e r n m e n t i n s t i t u t i o n s : These are the foreign currency deposits of government and government institutions. +47*.,3(: 7 7 * 3 ( >  + . 3 & 3 ( . & 1  1 . & ' . 1 . 9 . * 8  Balances of c o m m e r c i a l b a n k s : 4.03 P a y a b l e t o A s i a n C l e a r i n g U n i o n : The balance under the heading represents the amounts payable to ACU as at the reporting date. Balances of G o v e r n m e n t a n d G o v e r n m e n t i n s t i t u t i o n s

Payable to Asian Clearing Union: 4

4.04 I M F r e l a t e d l i a b i l i t i e s : These are liabilities recorded as a result of being the fiscal agent and depository of Maldives to the International Monetary Fund. The balance comprises of IMF Allocation of SDR, IMF securities account, IMF deposit accounts with the Authority and other payables to IMF. 4.05 I n t e r e s t b e a r i n g l o a n s : These are loans undertaken by the Authority for various development purposes. As at the reporting date, the balance represents loans undertaken for the development of Mobile Interoperable Payment System and establishment of a Credit Information Bureau System. IMF related l i a b i l i t i e s4.06 D e p o s i t s o f i n t e r n a t i o n a l f i n a n c i a l i n s t i t u t i o n s : The balance under the heading represents the amounts collected in Foreign Currency for various purposes on behalf of supranational institutions as at the reporting dates. The Authority is designated as the depository for the Republic of Maldives of these institutions. Interest bea r i n g l o a n s : 4.07 O t h e r l i a b i l i t i e s : These are all other foreign currency liabilities that are not included in the other categories of foreign currency financial liabilities. 4.08 D e p o s i t s b y M o n e y C h a n g e r s : This balance includes the mandatory deposit kept at MMA by registered Money Deposits of i n t e r n a t i o n a l f i n a n c i a l i n s t i t u t i o n s Changers. 4.09 T e r m D e p o s i t s : The balance under this heading represents the total amount of funds held as term deposits at Maldives Monetary Authority. Other liabilit i e s :

 1 4 ( & 1  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  1 . & ' . 1 . 9 . * 8 

5.01 B a l a n c e s o f c o m m e r c i a l b a n k s : These are the MVR balances kept by commercial banks registered in Maldives for Deposits by M o n e y C h a n g e r s : fulfilling the minimum reserve requirement, as overnight placements at the Authority and for payment clearing settlement purposes. Term Depos i t s : a l a n c e s o f G o v e r n m e n t a n d G o v e r n m e n t i n s t i t u t i o n s : These are the local currency deposits of government and 5.02 B government institutions.

 1 4 ( & 1  ( : 7 7 * 3 ( >  + . 3 & 3 ( . & 1  1 . & ' . 1 . 9 . * 8 

5.03 S e c u r i t i e s s o l d u n d e r a g r e e m e n t t o r e p u r c h a s e : The balance under the heading represents securities sold by the Balances of c o m m e r c i a l b a n k s : MMA on a fixed rate basis with the agreement to buy them back at a pre-determined date at a pre-determined price, as part of the Open Market Operation activities, aimed at mopping-up the access liquidity to support the monetary policy objectives Balances of G o v e r n m e n t a n d G o v e r n m e n t i n s t i t u t i o n s5.04 C u r r e n c y i n c i r c u l a t i o n : The balance under the heading represents currency notes and coins issued into circulation by the Authority representing a claim on the Authority in favor of the holder. Securities s o l d u n d e r a g r e e m e n t t o r e p u r c h a s e :5.05 B a l a n c e s o f i n s u r a n c e a n d p a y m e n t s e r v i c e p r o v i d e r s : The balance under the heading represents the statutory deposits of the insurance and payment service providers operating in the Maldives.

Curr e n c y i n c i r c u l a t i o n :

Bala n c e s o f i n s u r a n c e a n d p a y m e n t s e r v i c e p r o v i d e r s :

5.06 Deposits of international financial institutio n s : The balance under the heading represents the amounts collected in Local Currency for various purposes on behalf of supranational institutions as at the reporting dates. The Authority is designated as the depository for the Republic of Maldives of these institutions. 5.07 Deposit insurance fund: This is the net balance of the amounts deposited by commercial banks under Deposit Insurance Scheme less investments in Government T-Bills. 5.08 Other liabilities: These are all other local currency liabilities that are not included in the other categories of local Deposits of international financial institutionscurrency financial liabilities. 5.09 Share Capital Payable to Subsidiaries: The Balance under the heading represents amounts contractually due to subsidiary companies for shares issued but not yet settled by the Authority. Deposit insurance fund:  49-71.&'.1.9.8 Other liabilities:6.01 Pension and other employment benefits pa y a b l e : The balance under the heading represents the pension amounts payable to staff and Maldives Pension Administration Office under Maldives Pension Act 8/2009. Share Capital Payable to Subsidiaries6.02 Deferred grants: The balance under the heading represents the unutilized amount of grants received from the government and other organizations.  6:.9> 49-71.&'.1.9.8 7.01 Capital: The balance under the heading represents the capital of the Authority in accordance with Chapter V, Pension and other employment benefits payable: Section 25 of the MMA Act. 7.02 Reserve: The balance under the heading comprises of the General Reserve, the Foreign Asset Revaluation Reserve, Deferred grants FVOCI Reserve, Property Revaluation Reserve, Other Reserves and the Accumulated profit or loss as at the reporting date. 6:.9> The General Reserve is established in accordance with Chapter V, Section 27 of the MMA Act. As per the provision Capitalof the Act, the Authority shall allocate 50% of the net profit of the Authority, until such time as the General Reserve is equal to the Authorized Capital of the Authority, after which the Authority could allocate 25% of its Net Profit to the General Reserve account until the General Reserve is equal to twice the Authorized Capital. Once the General ReserveReserve is equal to twice the amount to the authorized capital, the Authority shall credit to the General Reserve such amount determined by the Board. 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, silver, foreign currencies or other units of account, as a result of alterations of the external value of the Rufiyaa, or of any change in the values, parities, or exchange rates in respect of such assets in relation to the Rufiyaa in accordance with Chapter V, section 28 of the MMA Act.

MALDIVES MONETARY AUTHORITY Boduthakurufaanu Magu Male' - 20182 Republic of Maldives Tel: (960) 330 8679 Fax: (960) 332 3862 Email: mail@mma.gov.mv Website: www.mma.gov.mv