Meaning of the word "Monetary Authority" in English
What does "Monetary Authority" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
Monetary Authority
US /ˈmʌnɪˌtɛri ɔˈθɔrɪti/
UK /ˈmʌnɪtəri ɔːˈθɒrɪti/
Noun
a central bank or other public institution that controls a country's money supply and credit conditions
Example:
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The Monetary Authority announced new measures to stabilize the economy.
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Singapore's central bank is known as the Monetary Authority of Singapore (MAS).
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