Madagascar international reserves
Total reserves
$3.3B
Data for November 2025
1-month change
+3.4%
12-month change
+21.7%
High since 2000
$3.3B
November 2025
Monthly history (IMF)
$3.3 billion
November 2025+1,372.4% vs January 2000
Gross reserves in US dollars with gold at market value. Source: IMF, International Liquidity.
Composition
What the central bank holds its reserves in, as of November 2025.
- Foreign exchange$3.2B · 98.4%
- SDRs$9M · 0.3%
- IMF reserve position$42M · 1.3%
Gold
Madagascar does not report gold holdings.
In context
Reserves per person
US$ 99
Reserves as % of GDP (2025)
16.6%
Months of imports covered
6.0
Usual benchmark: under 3 months is considered low.