The discord became apparent after Faiz Ahmed Taiyeb, special assistant to the chief adviser with authority over the Ministry of Posts, Telecommunications and IT, sent a letter to the BB governor on May 12 and posted the letter to his Facebook account recently
Bangladesh Bank will release redesigned Tk 20, Tk 50, and Tk 1,000 banknotes into circulation from June 1, ahead of Eid-ul-Azha.
Bangladesh Bank has recently discovered through a probe that the joint director of its Rajshahi office, who has been serving the central bank for 12 years under the name of Md Abdul Waresh Ansary, is actually an imposter.
Despite repeated appeals from bank directors and top executives over the past month, the central bank held firm.
Central bank finally adopts a market based exchange rate
“If the market became unstable due to market-based exchange rate, we will intervene,” said BB Governor Ahsan H Mansur.
In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
The need to empower Bangladesh Bank has been overdue
The government and Bangladesh Bank can take temporary control of any scheduled bank if needed by issuing share transfer orders in line with the Bank Resolution Ordinance 2025.
The discord became apparent after Faiz Ahmed Taiyeb, special assistant to the chief adviser with authority over the Ministry of Posts, Telecommunications and IT, sent a letter to the BB governor on May 12 and posted the letter to his Facebook account recently
Bangladesh Bank will release redesigned Tk 20, Tk 50, and Tk 1,000 banknotes into circulation from June 1, ahead of Eid-ul-Azha.
Bangladesh Bank has recently discovered through a probe that the joint director of its Rajshahi office, who has been serving the central bank for 12 years under the name of Md Abdul Waresh Ansary, is actually an imposter.
Despite repeated appeals from bank directors and top executives over the past month, the central bank held firm.
Central bank finally adopts a market based exchange rate
“If the market became unstable due to market-based exchange rate, we will intervene,” said BB Governor Ahsan H Mansur.
In what is seen as a landmark step toward restoring financial discipline, Bangladesh's interim government recently granted the central bank sweeping new powers to intervene in the troubled banking sector.
The need to empower Bangladesh Bank has been overdue
The government and Bangladesh Bank can take temporary control of any scheduled bank if needed by issuing share transfer orders in line with the Bank Resolution Ordinance 2025.
Rising capital shortfall not a good sign
