Maldives Monetary Authority

Maldives Monetary Authority (MMA)
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Brief History

The Maldives Monetary Authority (MMA) was established on 1 July 1981 under the Maldives Monetary Authority act 1981. With its own board of directors, governor and staff, the MMA acts as the country’s central bank and undertakes the management of monetary policy aimed at achieving price stability. The MMA also has the responsibility to issue and redeem currency notes and coins, regulate, supervise and inspect banks and non-bank financial institutions, promote stability in the

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