On November 1, 1983, the RMA started its actual operation by taking over the liability of notes and coins previously issued by the Ministry of Finance. The RMA also took over from the Government its unissued stock of notes and coins. Thereafter, the Authority took on the responsibility of consolidating, managing and operating foreign exchange reserve. In 1985, the IMF appointed Mr. Klaus Dornseif, Bundes Bank Germany, as an advisor in setting up Research and Statics Department and was instrumental in bringing out the first Annual Report in the same year besides other publications such as Quarterly Economic Indicator in 1986.