 Inflation rate in the Maldives since January 2024, as a percentage | |
| Date | March–August 2024 |
|---|---|
| Location | Maldives |
| Type | Economic—financial crisis |
| Cause | After the Maldives Monetary Authority warned the Ministry of Finance that the country's usable dollar reserves were critically low and could be depleted before the end of August |
| Outcome |
|
The 2024 Maldivian financial and economic crisis was an nationwide economic–financial crisis, having experienced since the beginning of 2024.[1] It has caused severe economic challenges, leading to currency and reserve shortages as well as pressure on the banking system.
- ^ "Understanding the Maldives' economic crisis: Causes and implications". Observer Research Foundation. 7 August 2024. Archived from the original on 8 August 2024. Retrieved 7 August 2024.