President Dr. Mohamed Muizzu appointed Ahmed Munawar as governor of the Maldives Monetary Authority (MMA) today.
Munawar was appointed as governor and presented with the letter of appointment during a special ceremony held at the President's Office this morning.
The President held a meeting with Munawar after the ceremony, the President's Office said. The pair discussed monetary policy and the state of the economy during the meeting, after which the President encouraged the new governor to work together with financial institutions, according to the office.
In response to the President, the governor assured full cooperation with the government's efforts to overcome the present economic downturn.
At yesterday's sitting of Parliament, Munawar's appointment as governor was approved unanimously with 78 MPs voting in favour.
Munawar previously served as Finance Minister during former President Abdulla Yameen's government. He served in the post from his appointment on June 22, 2016 until the end of Yameen's term.
On December 12, 2023, he was appointed as an advisor to the Finance Ministry at ministerial rank.
Former Governor Ali Hashim was dismissed last week after the Parliament's Public Accounts Committee concluded that he lacked the capability to serve the purposes of the central bank as stated in the MMA law.
