Idham Hussain has been dismissed from her position on the Board of the Maldives Monetary Authority (MMA), as part of a series of ongoing changes within the institution.
The change was confirmed to media by an MMA official. Idham’s departure from the board follows several other high-level exits from the institution this year.
Earlier in the year, Shuhad Ibrahim, who represented the Ministry of Economic Development and Trade, and Ahmed Zayan Mohamed, who represented the Ministry of Finance, both stepped down from the board. Deputy Governor Ahmed Imad also resigned in March, reportedly over the government’s plan to secure a large overdraft facility from the central bank. His resignation came amid controversy surrounding a rumoured MVR 15 billion land deal in Hulhumalé.
Idham’s dismissal from the board is significant given her 35 years of service at the MMA. She has long been associated with the institution’s policy and research work.
The MMA has not issued a formal statement regarding the recent changes. It remains unclear whether these developments signal a broader shift in governance or direction at the central bank.
