The Public Accounts Committee of the Parliament has approved the former Minister of Finance Ahmed Munawwar for the Governor position of the Maldives Monetary Authority (MMA). The approval was given with the unanimous votes of all committee members in attendance, after interviewing Munawwar.
President Dr. Mohamed Muizzu sent Ahmed Munawwar's name seeking parliamentary approval on July 22, following the dismissal of Ali Hashim, who served as the MMA Governor. The decision was taken by the president, with the recommendation of the Parliament.
Upon proposing Munawwar's name for approval, the Parliament sent the case to the Public Accounts Committee on July 23, for further investigation on the case. During the investigation process, the committee opened the opportunity for individuals to submit complaints against Munawwar as well. After that, he was interviewed and scored an average of 94.73 marks, hence gaining the approval of the committee, who saw Munawwar capable of serving as the MMA Governor.
Ali Hashim was dismissed from the governor's position as the committee found that he had not been performing his duties effectively as governor, particularly at a time when the government was raising funds from the domestic market and required effective regulation.
Under the Maldivian Constitution, the president has the authority to remove the Governor of the MMA based on the advice of Parliament. Hashim appointment was appointed to the position of MMA Governor on September 8, 2019. Following Hashim’s removal from the post, the president has recommended the name of the former Finance Minister Ahmed Munawar, to the post. The former finance minister is the current Advisor to the Minister of Finance and had served MMA for over ten years.