Two private sector representatives on the Maldives Monetary Authority (MMA) board have been removed, marking a significant change within the country’s central bank leadership.
The individuals affected are Assad Ali, Deputy Secretary General of the Maldives Association of Tourism Industry (MATI), and Shahudhy Anwar, Chairman of the Maldives International Arbitration Center. Their removal was confirmed by an MMA official, though the reason for the decision was not disclosed.
The official, speaking to local media, described the move as part of a “routine shuffle” within the central bank’s board. No further details were provided about the circumstances or any replacements for the vacated positions.
Assad and Shahudhy had represented private sector interests on the board, contributing expertise from tourism and arbitration, two critical sectors for the Maldivian economy.
The Maldives Monetary Authority oversees key financial and monetary policies in the country, and board changes often signal shifts in policy focus or governance priorities.
The reshuffle comes amid broader discussions about enhancing financial governance and ensuring the central bank’s effectiveness in supporting the Maldives’ economic resilience.
