Maldives Monetary Authority (MMA) has removed two private sector representatives from its board of directors.
Prominent lawyer Mohamed Shahdy Anwar and Novelty Group Managing Director Asad Ali, who were appointed during former President Ibrahim Mohamed Solih's administration, were removed from the board.
Asad was appointed to the board in 2022, while Shahdy was appointed in 2023.
MMA board, which is required to have seven members, currently lacks private sector representation. MMA's board of directors currently include:
- Governor Ahmed Munawar
- Deputy Governor Ahmed Imad
- MMA Advisor Idham Hussain
- Finance Ministry representative Ahmed Zayan Mohamed
- Economic Development and Trade Ministry representative Abdul Haleem Abdul Latheef
While MMA's board members serve a five-year term, the authority has yet to announce appointments for private sector representatives.
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