Allied Insurance Company, Capital Market Development Authority, Maldives Monetary Authority, Bank of Maldives and Ministry of Tourism signed a Memorandum of Understanding (MOU) to form a financial museum in the National Art Gallery.
The initiative was taken by the Pension Administration Office and according to the CEO of the Pension Administration Office Mr.Mohamed Hussain Maniku, the main purpose of a financial museum is to facilitate people who wish to research about the history of Maldivian economy and financial sector with relevant sources and information and also to educate the public about the Maldivian Economy.
On behalf of Allied Insurance Company, the agreement was signed by Mr.Abdul Wahid Thowfeeq, Managing Director of the company.
Mr.Abdul Wahid Thowfeeq said “promoting financial literacy results in responsible financial decisions taken by the public”. He further commented that Allied Insurance is happy to be part of such initiatives as it is one of the company’s core values ‘to make a difference in people’s lives’ and this is a good opportunity to contribute to making a positive difference to the well-being of the society and the community.
The MOU was signed at Kurumba Maldives on 13th of May 2013.