Regulatory Alerts2025-01-30
Maldives Monetary Authority Act 1981
The People's Majlis of the Maldives enacted this legislation to establish the Maldives Monetary Authority as an independent institution with perpetual succession. The Act defines the Authority's primary objectives of maintaining price and financial stability while supporting macroeconomic growth. It further details the governance structure, powers, and regulatory functions regarding currency issuance, foreign exchange, and the supervision of financial institutions.
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