Dhaka: The government has appointed Md Mostaqur Rahman, FCMA, as the new governor of Bangladesh Bank for a term of four years.
According to Bangladesh Sangbad Sangstha, a notification issued today by the Financial Institutions Division of the Ministry of Finance announced the appointment under Section 10(5) of the Bangladesh Bank Order, 1972 (President's Order No. 127 of 1972).
The notification stated that Md Mostaqur Rahman will serve as governor for four years from the date of his joining, with the condition of relinquishing all work relationships with other institutions and organisations.
During his tenure, Rahman will receive salary, allowances, and other benefits from Bangladesh Bank as per the terms of the contract to be executed with the government. Other conditions of his appointment will be outlined in the contract agreement.
The order, issued in the public interest, takes immediate effect. The notification was issued by Mohammad Abraoul Hasan Majumder, Deputy Secretary of the Financial Institutions Division, by order of the President.
Meanwhile, in another notification from the Financial Institutions Division, the government has cancelled the remaining tenure of Dr Ahsan H Mansur as the central bank governor.