The central bank, Maldives Monetary Authority (MMA) has restructured its organization under efforts to transform it into a modern and efficient central bank.
An MMA official said the changes will strengthen the MMA's work and yield better results.
The changes to the MMA structure include the conversion of the Assistant Governor position into a Managing Director role. The current assistant governors have been promoted to adviser positions.
The official said the newly created Managing Director post will be for two five-year terms, providing more opportunities for educated and experienced individuals within the MMA. The opportunity to apply for these posts will be open to the public as well, the official said.
"This will open up new opportunities for the existing talented employees in the MMA. It will also open up opportunities for technically competent people to be hired by the MMA,” he said.
These structural changes have been initiated by the new governor of the central bank, Ahmed Munawwar, in consultation with the MMA board.
Governor Ahmed Munawwar
