is the Central bank
and is a member of the Asian Clearing Union
After the liberation war
, and the eventual independence of Bangladesh, the Government of Bangladesh reorganized the Dhaka
branch of the State Bank of Pakistan
as the central bank
of the country, and named it Bangladesh Bank. This reorganization was done pursuant to Bangladesh Bank Order, 1972, and the Bangladesh Bank came into existence with retrospective effect from 16 December 1971.
Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country’s and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government’s banker and the banker’s bank, a “Lender of the Last Resort”. Bangladesh Bank, like most of the central banks of different countries, exercises monopoly over the issue of and the s. Except for the 1 and 2 notes, it issues all other denominations of Bangladeshi .
The highest official in the bank is the Governor (currently Dr. Atiur Rahman
). The Governor chairs the Board of Director. The Executive Staff, also headed by the Governor, are responsible for the day to day affairs.
Current Board of Directors
- Md. Nazrul Huda
- Dr.Mohammad Tareque
- Mr. M Musharraf Hossain......