2 private sector reps removed from central bank board
An official from the MMA confirmed the dismissals, stating that such changes to the board occur periodically.
Two private sector representatives serving on the board of the Maldives Monetary Authority (MMA) have been removed from their positions.
An official from the MMA confirmed the dismissals, stating that such changes to the board occur periodically.
One of the individuals removed is Assad Ali, who holds several roles, including:
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Deputy Secretary General of the Maldives Association of Tourism Industry (MATI).
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Owner of Park Hyatt Maldives Hadahaa resort island.
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Managing Director of Novelty Group of Companies.
The other individual is lawyer Mohamed Shahdy Anwar, whose professional roles include:
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Chairperson of the Maldives International Arbitration Centre.
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Legal advisor to several companies in the tourism sector.
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Contributor to the development of tax-related legislation.
The MMA has not disclosed further details regarding the reason for the dismissals or potential replacements for the positions.
