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Maldives Monetary Authority

Summary

The Maldives Monetary Authority (MMA) is 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, located in the capital city of Malé. The current governor and chairperson is Ali Hashim[2] and deputy governor is Mr. Ahmed Imad.[2] It is a member of the Asian Clearing Union.

Maldives Monetary Authority
HeadquartersMalé
EstablishedJuly 1, 1981 (1981-July-01)
Ownership100% state ownership[1]
GovernorAli Hashim
Central bank ofMaldives
CurrencyMaldivian rufiyaa
MVR (ISO 4217)
Reserves560 million USD[1]
Websitewww.mma.gov.mv

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.

Governors edit

See also edit

References edit

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ a b "Board of Directors | About MMA". www.mma.gov.mv. Retrieved 2021-09-02.
  3. ^ a b c d e f g "Maldives Monetary Authority". www.mma.gov.mv.

External links edit

  • Maldives Monetary Authority official site