Anwar Ali (banker)

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Anwar Ali
Governor of the Saudi Arabian Monetary Agency
In office
1958 – 5 November 1974
Succeeded byAbdulaziz Al Quraishi
Personal details
Died5 November 1974
Washington D.C.

Anwar Ali (died 5 November 1974) was a Pakistani economist who was the third governor of the Saudi Arabian Monetary Agency.[1] He headed the agency from 1958 to his death in 1974. Ali also held several positions at the ministry of finance in India and Pakistan and at the International Monetary Fund.

Biography[]

Ali was born in India into a Muslim family.[1][2] He migrated to Pakistan and became a Pakistani national.[1] He received a master's degree in Lahore.[3] He served as the undersecretary in the Ministry of Finance in India, deputy undersecretary in the Ministry of Finance in Pakistan and director of the National Bank in Pakistan.[3]

Then he settled in the United States.[1] He joined the International Monetary Fund (IMF) in 1954[4] and was named the director of the Middle East department of the IMF.[3] He left the IMF in 1958.[4] The same year he was appointed by Crown Prince and Prime Minister Faisal as the governor of the Saudi Arabian Monetary Agency.[1][4][5] Ali developed annual report systems and established the investment department of the agency.[6][7] One of his deputies at the agency was Mohammed bin Faisal, a son of Crown Prince Faisal, from the late 1950s to August 1965.[8] He was appointed a member of the Supreme Council on Petroleum in March 1973 when it was established by King Faisal.[9]

Ali was married and the father of two.[4] He died at age 61 during an official visit on 5 November 1974 in Washington D.C. following a heart attack in late October.[4] There he met with the officials of the World Bank and the International Monetary Fund.[1][4] Ali's successor was Abdulaziz Al Quraishi, the first Saudi to head the agency.[1][10]

References[]

  1. ^ a b c d e f g Ahmed Banafe; Rory Macleod (2017). The Saudi Arabian Monetary Agency, 1952-2016 (PDF). Palgrave Macmillan, Cham. p. 301.
  2. ^ Arthur N. Young (Autumn 1960). "Financial Reforms in Saudi Arabia" (PDF). Middle East Journal. 14 (4): 466–469. JSTOR 4323291.
  3. ^ a b c Thomas W. Shea (January–February 1969). "The Riyal. A Miracle In Money". Aramco World. 20 (1).
  4. ^ a b c d e f "Anwar Ali, Monetary Chief for Saudi Arabia, Dies at 61". The New York Times. Washington DC. 6 November 1974. Retrieved 14 March 2021.
  5. ^ Abdullah Hamad Al Salamah (April 1994). Employee Perceptions in Multinational Companies: A Case Study of the Saudi Arabian Basic Industries Corporation (PDF) (PhD thesis). University of Durham. Retrieved 14 April 2021.
  6. ^ "Pakistanis in the development of Saudi Arabia — a page in history". Saudi Gazette. 23 March 2018. Retrieved 14 March 2021.
  7. ^ David G. Edens; William P. Snavely (Winter 1970). "Planning for Economic Development in Saudi Arabia" (PDF). Middle East Journal. 24 (1): 17–30. JSTOR 4324550.
  8. ^ Gary Samuel Samore (1984). Royal Family Politics in Saudi Arabia (1953-1982) (PhD thesis). Harvard University. p. 254. ProQuest 303295482.
  9. ^ Nizar Obaid Madani (1977). The Islamic Content of the Foreign Policy of Saudi Arabia. King Faisal's Call for Islamic Solidarity 1965-1975 (PhD thesis). American University. p. 55. ProQuest 302841281.
  10. ^ "SAMA History". Saudi Central Bank. Retrieved 14 March 2021.
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