United News of Bangladesh

The government on Wednesday appointed Md Mostaqur Rahman as the new Governor of Bangladesh Bank for a four-year term, cancelling the remaining tenure of Dr Ahsan H Mansur with immediate effect. According to separate notifications issued by the Financial Institutions Division of the Ministry of Finance, the appointment has been made under Article 10(5) of the Bangladesh Bank Order, 1972 (President’s Order No. 127 of 1972). The notification said Mostaqur Rahman will serve as Governor of Bangladesh Bank for four years from the date of his joining, subject to relinquishing all employment relationships with other institutions and organisations. New govt to continue reforms in banking sector: Bangladesh Bank governor During his tenure, he will draw salary, allowances and other benefits from Bangladesh Bank in accordance with the terms of a contract to be signed with the government. Other conditions of his appointment will also be determined by the contract, the notification added. The order appointing Mostaqur Rahman took immediate effect. Mostaqur Rahman, a fellow member of the Institute of Cost and Management Accountants (FCMA),  holds a B.Com (Hons) and Masters Degree from the Department of  Accounting, University of Dhaka. Mostaqur Rahman is a member of Bangladesh Garments Manufacturers and Exporters Association (BGMEA), Real Estate and Housing Associations of Bangladesh (REHAB), Association of Travel Agents of Bangladesh (ATAB) and Dhaka Chamber and Commerce and Industries (DCCI). Bangladesh Bank buys $123 million from 8 banks to bolster reserves Mostaqur Rahman is an entrepreneur and businessman, and a senior financial governance specialist with over 30 years of leadership experience in corporate finance, export economics, institutional governance, and financial systems management, according to Bangladesh Bank. In a separate notification, the Financial Institutions Division said the remaining tenure of Dr Ahsan H Mansur as Governor of Bangladesh Bank has been cancelled. Dr Mansur had earlier been appointed as Governor through a notification issued on 13 August 2024. The cancellation order has also been issued in the public interest and came into force immediately, the notification said.