The Maldives Monetary Authority (MMA) is the central bank of the Maldives, responsible for regulating the country's monetary policy and financial system. Established in 1981, the MMA aims to maintain price stability, manage foreign exchange reserves, and oversee the banking sector to ensure a stable economic environment. In addition to its monetary policy functions, the MMA issues the national currency, the Maldivian Rufiyaa, and supervises financial institutions to promote a sound banking system. The authority also plays a crucial role in fostering economic growth and development through effective financial management and regulation.