Parliament has today sent the issue of advising President Dr Mohamed Muizzu to dismiss Governor of central bank Maldives Monetary Authority Ali Hashim for consideration of the Public Accounts Committee.
Parliament has today sent the issue of advising President Dr Mohamed Muizzu to dismiss Governor of central bank Maldives Monetary Authority Ali Hashim for consideration of the Public Accounts Committee.
As per the MMA Act, the authority's Governor and Deputy Governor will be appointed or dismissed by the President with the advice of the Parliament.
Under this article of the MMA Act, Deputy Speaker of Parliament Ahmed Nazim proposed the dismissal of Hashim.
Nazim said that in this moment when the country's economy is facing difficulties, it has been observed that MMA has been unable to fulfill the obligations as per the MMA Act, and that the monetary policy is not being implemented as it should have been.
Nazim further said that Hashim had not sufficiently provided advice to the government on related matters since it came into office.
"Hashim has not fulfilled his obligations as Head of MMA," he said.
He said that this is the appropriate time to change the direction of the monetary policy if needed, and due to this, a fresh, new leadership is required to take on responsibilities at MMA.
Ali Hashim was appointed to the position of the Governor on September 8, 2019 during the administration of former president, Ibrahim Mohamed Solih. He had also previously served as the Finance Minister of Maldives from 2008 to 2010.
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