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Thursday, June 2, 2011

Bangladesh Bank

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


Bangladesh 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 foreign exchange 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 currency and the banknotes. Except for the 1 and 2 taka notes, it issues all other denominations of Bangladeshi Taka.

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.


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 Bhuiyan
Dr. Nasiruddin Ahmed
Dr. Mustafa Kamal Mujeri
Dr. Sanot Kumar Saha
Dr. Nafeem Ahmed
Prof. Hannana*Md.
Block quote
Shafiqur Rahman Patwary

Former Governors
A.N.M. Hamidullah 1972-1974
A.K.N. Ahmed 1974-1976
M. Nurul Islam 1976-1987
Shegufta Bakht Chaudhuri 1987-1992
Khorshed Alam 1992-1996
Lutfar Rahman Sarkar 1996-1998
Dr. Mohammed Farashuddin 1998-2001
Dr. Fakhruddin Ahmed 2001-2005
Dr. Salehuddin Ahmed 2005-2009
Dr. Atiur Rahman 2009-

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