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.

Comments

On This Day

May 9

20251 Year Ago

sport

Will proceed with intelligence audit for national security forces: President

$2,000 Maldivians will perform this year\'s Hajj pilgrimage, assures ministry$

20197 Years Ago

local

2,000 Maldivians will perform this year\'s Hajj pilgrimage, assures ministry

20188 Years Ago

local

Locals appointed to head all financial institutions in country

Comments

Ministry tells vendors to empty stalls at dry fish market

Ooredoo drops call rates to Sri Lanka and India, given the ongoing tropical threats in the region

Ooredoo has appointed a new Managing Director

Hotel Asia 2017 opens with 175 stalls

Will allocate shares sold to public, announce on Sunday: Ooredoo

On This Day

Maziya triumphs over TC in second match

First Couple departs for Umrah pilgrimage

First Couple inaugurates TfG's Sports Fitness and Rehabilitation Center

Fisherman suffers injuries from shark attack, after falling overboard

Will proceed with intelligence audit for national security forces: President

2,000 Maldivians will perform this year\'s Hajj pilgrimage, assures ministry

Maldives allows businessman to use local bank to import money without restriction

Locals appointed to head all financial institutions in country

Comments

Ministry tells vendors to empty stalls at dry fish market

Ooredoo drops call rates to Sri Lanka and India, given the ongoing tropical threats in the region

Ooredoo has appointed a new Managing Director

Hotel Asia 2017 opens with 175 stalls

Will allocate shares sold to public, announce on Sunday: Ooredoo

On This Day

Maziya triumphs over TC in second match

First Couple departs for Umrah pilgrimage

First Couple inaugurates TfG's Sports Fitness and Rehabilitation Center

Fisherman suffers injuries from shark attack, after falling overboard

Will proceed with intelligence audit for national security forces: President

2,000 Maldivians will perform this year\'s Hajj pilgrimage, assures ministry

Maldives allows businessman to use local bank to import money without restriction