The government has initiated the process to remove Bangladesh Bank Governor Ahsan H Mansur and appoint a new chief of the central bank, according to officials at the Ministry of Finance.

They said a proposal has already been sent to the Prime Minister’s Office seeking approval for the appointment of a new governor.

According to the sources, a faculty member from a US university is being considered for the post.

The proposal is currently awaiting the final clearance, and the officials indicated that the appointment could be finalised later in the day once the formalities are completed.

Meanwhile, Financial Institutions Division Secretary Nazma Mobarek met the Finance Minister at his office at around 1:45pm, fuelling the speculation over the impending change in leadership at the central bank.

New govt to continue reforms in banking sector: Bangladesh Bank governor

When approached by reporters after the meeting, Nazma Mobarek declined to comment on the matter. “Please wait. I do not want to say anything right now. You will know if there is anything,” she said.

There was no official statement from the Ministry of Finance or Bangladesh Bank regarding the development at the time of filing this report.

Further details about the prospective appointee, including the individual’s identity and professional background, were not immediately available.

Any change in the leadership of Bangladesh Bank is considered significant, given the central bank’s role in framing and implementing monetary policy, regulating banks and financial institutions, managing foreign exchange reserves and ensuring financial stability.

While talking to an Adviser to the Prime Minister over telephone, he declined to comment on the matter, but he hinted that a change is imminent.