The government has appointed Md. Anis Ur Rahman, currently serving as an Executive Director of the Bangladesh Bank (BB), as a Deputy Governor of the central bank for a three-year term. The Financial Institutions Division under the Ministry of Finance issued a notification today regarding this appointment. He will replace Deputy Governor Zakir Hossain Chowdhury, whose remaining tenure was cancelled by the government. Zakir Hossain Chowdhury had been appointed as Deputy Governor on September 8, 2024, for a three-year term.
Appointment Details
According to the notification, the appointment of Md. Anis Ur Rahman has been made under Article 10(4) of the Bangladesh Bank Order, 1972, in the public interest and will take effect immediately upon his joining. He has been appointed on a contractual basis for three years from the date of assuming office.
Terms and Conditions
The appointment is subject to his voluntary retirement from his permanent position as Executive Director of Bangladesh Bank and the suspension of his Post-Retirement Leave (PRL). The notification also mentioned that the terms and conditions of his service, including salary, allowances, and other benefits, will be determined through a separate supplementary agreement to be signed between the government and the appointee.
Background and Significance
Md. Anis Ur Rahman's appointment as Deputy Governor is significant as it brings fresh leadership to the central bank. His role will be crucial in steering the bank's policies and ensuring financial stability in the country. As an experienced Executive Director, his transition to the Deputy Governor position is expected to bring continuity and expertise to the bank's operations.
What Happens Next
With the new appointment, the Bangladesh Bank will undergo a leadership change that is expected to influence its strategic direction. Md. Anis Ur Rahman's experience and insights will likely play a pivotal role in the bank's decision-making processes. The transition is also expected to bring new perspectives and approaches to the bank's governance and policy formulation.
