Overview

The Monetary Operations of MMA consist of the following instruments:

1. Open Market Operations (OMO)

2. MMA Standing Facilities

Participation for the monetary operations is only for commercial banks in Maldives.

Operation/Instrument	Eligible Counterparty	Timing	Settlement
OMO	Commercial Banks	Mondays Applications8.30 – 11.30 am	T + 1 Tuesday 12.30 pm
Overnight Deposit Facility	Commercial Banks	Daily Applications 8.30 – 1.00	Same day 1.30 pm Maturity, Following day 9.30 am