Maldives Monetary Authority

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File:Maldives Monetary Authority logo.svg

The Cowry shell centered in the logo symbolizes the country's financial history.

The Maldives Monetary Authority (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.

The MMA is a member of the Alliance for Financial Inclusion and is active in developing financial inclusion policy.

External links

Maldives Monetary Authority official site

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Policies and implementation

Policies	Capital requirement Contractionary monetary policy Expansionary monetary policy Basel II Basel III Basel 4
Implementation	Capital control Discount rate Interest rates Money creation Open market operation Sovereign wealth fund

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