Bangladesh Bank

Bangladesh Bank

Central Bank
Central Bank Less

Bangladesh Bank

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Description:
Bangladesh Bank is the Central bank of Bangladesh and is a member of the Asian Clearing Union.

History

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.

Functions

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 .


Organisation

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

Chairman

Director
  • Md. Nazrul Huda
  • Dr.Mohammad Tareque
  • Mr. M Musharraf Hossain......
  • ...

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