Maldives Monetary Authority

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

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 Ahmed Naseer[1] and deputy governor is Ms. Aishath Zahira.[2] 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.

References

  1. ↑ "Board of Directors | About MMA". www.mma.gov.mv. Retrieved 2016-09-20.
  2. ↑ "Board of Directors | About MMA". www.mma.gov.mv. Retrieved 2016-09-20.


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