K. Male' | Rushdha Rasheed | 06-September-2017 | Wednesday 17:34 | rushdhar | Business | 848
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.
|1||MP Riyaz says terror charges raised to keep him out of politics|
|2||Manik mocks Naeemaatha: is it because she is a senior or a woman?|
|3||Terrorism tiral against ex-President's son-in-law Nadeem starts tomorrow|
|4||Two nominations for Maldives at World Spa Awards|
|5||Terrorism case against Riyaz and Areef: hearings scheduled for tomorrow|