Maldives Monetary Authority

Maldives Monetary Authority: The Cowry shell centered in the logo symbolizes the country's financial history.

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.

External links

Maldives Monetary Authority official site

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Policies and implementation

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Capital requirement · Contractionary monetary policy · Expansionary monetary policy

Implementation

Capital control · Discount rate · Interest rates · Money creation · Open market operations · Sovereign wealth fund

Bretton Woods system

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Lists

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Names in italics indicate non-sovereign (dependent) territories, former countries, or states with limited recognition

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