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| Headquarters | Malé |
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| Established | July 1, 1981; 44 years ago (1981-07-01) |
| Ownership | 100%state ownership[1] |
| Governor | Ahmed Munawar[2] |
| Central bank of | Maldives |
| Currency | Maldivian rufiyaa MVR (ISO 4217) |
| Reserves | 509 million USD[3] |
| Website | mma.gov.mv |
TheMaldives Monetary Authority (MMA) is thecentral bank of the republic ofMaldives. It is located in the capital city ofMalé.
The current governor is Ahmed Munawar and deputy governor is Ahmed Imad.[4] It is a member of theAsian Clearing Union.[5]
It was established on 1 July 1981, under themandate 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]
Its primary functions are to issue currency, regulate the availability ofMaldivian rufiyaa (MVR), promote its stability, manage licences, supervise and regulate institutions in thefinancial sector, formulate and implementmonetary policy and to advise the government on issues relating to theeconomy and financial systems.[7]
The MMA is a member of the Alliance for Financial Inclusion and is active in developingfinancial inclusion policy.[8]
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