History

Bandeyrige around the year 1968

Ghaazee Building which housed the Ministry of Finance in the 1980s

Early historical records reveal that financial affairs in Maldives were managed by people titled “Bodu Bandeyrin”. In the year 1932, the first government office for finance was officially established in Maldives as “Vuzaaraathul Maaliyya”, and Al Ameer Hassan Fareed Didi was appointed as the head of this office.

Over the years, this government office has evolved tremendously, gradually increasing in its roles and responsibilities. Previously named the Department of Finance and later, the Ministry of Finance, it was finally named the Ministry of Finance and Treasury in the late 1980s.

During this period, various government officials have been appointed as the Head of this Ministry, and have played a significant role in working towards the Ministry’s vision.

Former Heads of Ministry

• 1903
  

  Summuvul Ameer Abdul Majeed Rannaban’deyri Kileygefaanu

  11 March 1903 to 14 October 1932 - Bodu Ban’deyri

• 1932
  

  Al Ameer Hassan Fareed Didi

  22 December 1932 to 18 January 1942 - Vazeerul Maaliyya Mahukamathul Maaliyya ge Veriya

• 1942 1951
  

  Summuvul Ameer Mohamed Amin Doshimeynaa Kileygefaanu

  18 January 1942 to 22 April 1951 - Mahukamathul Maaliyya ge Veriya

  22 April 1951 to 31 December 1952 - Vazeerul Maaliyya

• 1954
  

  Saahibul Ma'lee Ibrahim Mohamed Didi

  12 July 1954 to 27 November 1955 - Vazeerul Maaliyya

• 1955
  

  Summuvul Ameer Ibrahim Faamulaadheyri Kileygefaanu

  27 November 1955 to 14 December 1957 - Vazeerul Maaliyya

  14 December 1957 to 11 November 1968 - Vazeerul Maaliyya

• 1957
  

  Summuvul Ameer Ibrahim Nasir Rannaban’deyri Kileygefaanu

  14 December 1957 to 11 November 1968 - Vazeerul Maaliyya

• 1970
  

  Honourable Abdul Sattar Moosa Didi

  29 October 1970 to 10 March 1975 - Minister of Finance

• 1977
  

  Al Ameer Mohamed Nooruddin

  7 July 1976 to 11 November 1978 - Minister of Finance

• 1978 1989 1993
  

  Al-Ustaz Maumoon Abdul Gayyoom

  11 November 1978 to 12 December 1988 - Head of Department of Finance

  5 January 1989 to 11 November 1993 - Minister of Finance

  11 November 1993 to 1 September 2004 - Minister of Finance and Treasury

• 1978 1988 1989
  

  Honourable Ismail Fathy

  13 November 1978 to 12 December 1988 - Director of Department of Finance

  12 December 1988 to 5 January 1989 - Director of Ministry of Finance

  5 January 1989 to 11 November 1993 - Minister of State for Finance

• 1993
  

  Honourable Arif Hilmy

  11 November 1993 to 31 May 2000 - Minister of Finance and Treasury

• 2000 2004
  

  Honourable Mohamed Jaleel

  1 June 2000 to 1 September 2004 - Minister of State for Finance and Treasury

  1 September 2004 to 14 July 2005 - Minister of Finance and Treasury

• 2005
  

  Honourable Qasim Ibrahim

  18 August 2005 to 15 July 2008 - Minister of Finance and Treasury

• 2008
  

  Honourable Abdulla Jihad

  15 July 2008 to 11 November 2008 - Minister of Finance and Treasury

• 2008 2010
  

  Honourable Ali Hashim

  12 November 2008 to 28 June 2010 - Minister of Finance and Treasury

  7 July 2010 to 12 December 2010 - Minister of Finance and Treasury

• 2011
  

  Honourable Ahmed Inaz

  10 April 2011 to 29 December 2011 - Minister of Finance and Treasury

• 2012
  

  Honourable Mohamed Shihab

  4 January 2012 to 8 February 2012 - Minister of Finance and Treasury

• 2012 2013
  

  Honourable Abdulla Jihad

  5 March 2012 to 16 November 2013 - Minister of Finance and Treasury

  17 November 2013 to 22 June 2016 - Minister of Finance and Treasury

• 2016
  

  Honourable Ahmed Munawar

  22 June 2016 to 15 November 2018 - Minister of Finance and Treasury