Bermuda Monetary Authority

By: EconomyWatch   Date: 9 September 2010

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The Bermuda Monetary Authority acts as the monetary and financial head of the country. It was set up by the Bermuda Monetary Authority Act 1969.

Bermuda Monetary Authority can be defined as a supervising and regulating body in the country. A board of members is being appointed to maintain transparency and independence in their works.

The important functions of the Bermuda Monetary Authority are as follows:

  • Issuing notes and currencies
  • Regulating the Financial Institution
  • Supervising and approving the financial instruments
  • Preventing the financial crimes from the market.
  • Controlling exchange rates
  • Helping the Government and public bodies on bankingThe address and the contact details of the bank is as follows:

    Bermuda Monetary Authority

    Address: "Burnaby House" 26 Burnaby Street Hamilton HM 11 Bermuda Phone No.: ++1-441-295 52 78  Fax: ++1-441-292 74 71 Website: http://www.bma.bm


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