Maldives Monetary Authority

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The Cowry shell centered in the logo symbolizes the country's financial history.
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 "MMA Act" of 1981.

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 advice the government on issues relating to the economy and financial systems.

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