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Ahmed Mohamed
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Join date: Sep 22, 2024
About
Ahmed Mohamed holds a Master’s degree in Public Policy Economics from the University of Hull, UK. He began his career at the Ministry of Planning and National Development, where he ultimately led the National Planning Division.
He has served in various high-profile roles, including Chairman and CEO of the State Trading Organisation (STO), Minister of Economic Development, and Ambassador to India. Currently, he leads Univiya Holdings Pvt Ltd, the commercial arm of the Maldives National University.
Posts (9)
Mar 30, 2026 ∙ 6 min
The Rufiyaa Question
Should the Maldives float its currency? As the gap between the official and parallel exchange rates widens, the Maldives faces an increasingly urgent policy question; how should the exchange rate system evolve from its current constrained band toward a more sustainable framework? Experience elsewhere suggests that without stronger reserves, robust fiscal discipline, and deeper foreign exchange liquidity, a sudden move to float the currency could create more instability than stability. The gap...
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Mar 30, 2026 ∙ 7 min
Central Bank Independence Matters
As external pressures persist, the credibility of the Maldives Monetary Authority is becoming increasingly important for the stability of the Rufiyaa. Few institutions matter more to the stability of the Maldives economy than the Maldives Monetary Authority (MMA). In an economy where imports significantly exceed exports and tourism provides the overwhelming share of foreign currency earnings, confidence in the Rufiyaa ultimately depends on the credibility of the central bank. Yet recent...
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Mar 21, 2026 ∙ 8 min
Global Tensions, Local Pressures
The Maldives needs smarter policies to address the squeeze being felt nationwide, from businesses to household budgets, as sharp fuel price hikes linked to the Gulf crisis feed through the economy. On 5 March, Maldivians woke up to the largest fuel price increase in recent years. Petrol at Fuel Supply Maldives (FSM) pumps rose from MVR 13.50 to MVR 16.01 per litre, while diesel increased from MVR 13.92 to MVR 17.54, a jump of roughly 18 to 26 percent in a single step. In an economy almost...
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