Overview
The Monetary Operations of MMA consist of the following instruments:
-
Open Market Operations (OMO)
a. Reverse Repurchase and Repurchase Facility (RRP/RP)
b. Foreign Exchange Swap (FX SWAP) -
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 |