Overview

The Monetary Operations of MMA consist of the following instruments:

1. Open Market Operations (OMO)
   
   a. Reverse Repurchase and Repurchase Facility (RRP/RP)
   b. Foreign Exchange Swap (FX SWAP)

2. MMA Standing Facilities
   
   a. Overnight Deposit Facility (ODF)
   b. Overnight Lombard Facility (OLF)

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

Instrument	Timing	Settlement
RRP	8:30 am - 11:30 am, Mondays 9:30 am - 11:30 am, Mondays (Ramadan)	12.30 pm, Tuesday (T+1)
FX SWAP	11:00 am - 13:30 pm, Sundays 10:30 am - 12:00 pm, Sundays (Ramadan)	12.30 pm, Monday (T+1)
ODF	8:30 am - 1:00 pm, Daily 9:30 am - 12:30 pm, Daily (Ramadan)	1.30pm, Daily (T+0)
OLF	8:30 am - 2:30 pm, Daily 9:30 am - 12:30 pm, Daily (Ramadan)	3.30 pm, Daily (T+0) 1.30 pm, Daily