business

Financial Institutions

Locals appointed to head all financial institutions in country

MMA passed the decision in June 2016

Rushdha Rasheed, Raajje.mv | 6 ސެޕްޓެމްބަރު 2017 | ބުދަ 14:53

Maldives Monetary Authority (MMA)

Maldives Monetary Authority (MMA) has revealed that all heads of financial institutions in the Maldives are now locals.

MMA media official Mansoor Zubair said that the Authority took the decision back in June 2016, so that the senior most official or the second most senior official of any financial institution was a Maldivian. Mansoor said they had given all authorities a one-year period to implement this.

He added that all institutions had complied by the request.

When questioned about the decision, Mansoor said they had done so to allow more Maldivians to progress in the sector. He added that the appointees to the positions were fully qualified.

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