Maldives Monetary Authority

Maldives Monetary Authority

Maldives Monetary Authority

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Description:
Maldives Monetary Authority or MMA acts as the central bank of the republic of Maldives and was established on July 1, 1981, under the mandate provided by the "MMA Act" of 1981. It is a member of the Asian Clearing Union.

Its primary functions are to issue currency, regulate the availability of Maldivian rufiyaa (MVR), promote its stability, manage licenses, supervise and regulate institutions in the financial sector, formulate and implement monetary policy and to advise the government on issues relating to the economy and financial systems.

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