The Maldives Monetary Authority (MMA) is the central bank of the republic of Maldives. It is located in the capital city of Malé.
The current governor is Ahmed Munawar and deputy governor is Ahmed Imad.[4] It is a member of the Asian Clearing Union.[5]
History
It was established on 1 July 1981, under the mandate provided by the "“Maldives Monetary Authority Act 1981" (MMA Act).
In April 2007, the MMA Act was amended to provide complete autonomy and independence of the MMA.[6]
Functions
Its primary functions are to issue currency, regulate the availability of Maldivian rufiyaa (MVR), promote its stability, manage licences, supervise and regulate institutions in the