President Dr. Mohamed Muizzu has appointed Ahmed Munawar as the new Governor of the Maldives Monetary Authority (MMA). The appointment, executed under the authority vested in the President by Section 6(3) of the Maldives Monetary Authority Act of 1981, was officially announced today.
The formal appointment ceremony took place at the President’s Office this morning, where President Muizzu presented Munawar with his letter of appointment. Following the ceremony, the President held a meeting with Munawar to discuss the current economic landscape of the Maldives and the strategic direction for the MMA.
During the meeting, President Muizzu emphasized the importance of collaboration between the MMA and other financial institutions to foster economic stability and growth. He urged Munawar to prioritize these cooperative efforts to ensure the successful implementation of financial policies.
Munawar, expressing his gratitude for the appointment, affirmed his commitment to supporting the government’s economic initiatives. He pledged to work diligently to stimulate the nation’s economy and enhance the financial sector’s robustness.
Munawar brings a wealth of experience to his new role. He served as an advisor to the Minister of Finance from December 12, 2023, until July 22, 2024. His previous tenure as the Minister of Finance has equipped him with a deep understanding of the financial challenges and opportunities facing the Maldives.
The appointment follows the recent dismissal of the former Governor, Ali Hashim. President Muizzu’s decision to remove Hashim came after a parliamentary recommendation for his removal was passed last week.
