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Bangladesh Bank

Bangladesh Bank, the central bank of the country, was established as a body corporate
vide the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect from 16th
December, 1971. The general superintendence and direction of affairs and business of the
Bank are entrusted to a nine member Board of Directors which consists of the Governor
as chairman, a Deputy Governor, three senior government officials and four persons
having experience and proven capacity in the fields of banking, trade, commerce,
industry or agriculture - all nominated by the government. The board, which is the
highest policy making body, meets at least six times a year and at least once every quarter
under the chairmanship of the Governor. The Governor, appointed by the government as
the chief executive officer, directs and controls all the affairs of the Bank on behalf of the
Board.
The broad objectives of the Bank are :
a) To regulate the issue of the currency and the keeping of reserves;
b) To manage the monetary and credit system of Bangladesh with a view to stabilizing
domestic monetary value;
c) To preserve the par value of the Bangladesh Taka;
d) To promote and maintain a high level of production, employment and real income in
Bangladesh; and to foster growth and development of the country's productive resources
for the national interest
VISION
The Bangladesh Bank (BB), through ensuring the quality of services and the competence
of its staff, shall operate as a modern, dynamic, effective, and forward-looking central
bank to manage the countrys monetary and financial system with a view to stabilizing
the internal and external value of Bangladesh
Taka conducive to rapid growth and development of the economy.
MISSION
To uphold the vision and in pursuant with the Bangladesh Bank Order of 1972,
Bangladesh Banks mission is to promote and maintain macroeconomic and price
stability through:
Formulating and implementing appropriate monetary policy consistent with the countrys
national development goals;
Pursuing prudent policies to ensure stable internal and external value of Taka;
Identifying policy priorities for implementation by the Government through assessing
the transmission channels and the interactions of monetary policy with fiscal, exchange
rate, and other macroeconomic policies and their impact on the economy;

Proposing necessary legislative measures to attain the central banks objectives and
perform its functions including strategies and regulations for and supervision of banking
companies and financial institutions with the aim to providing efficient financial
intermediation and financial services to large, medium, small, and micro enterprises and
to pro-poor activities ;
Promoting, regulating and ensuring a secure and efficient payment system, including the
issue of Bank Notes;
Giving advice to the Government on the interaction of monetary policy with fiscal and
exchange rate policies, on the impact of various policy measures on the economy;
Analyzing priority macroeconomic issues for policy advice and dissemination of
information to attain the central banks social responsibility.
To this end, BB would ensure that it has the requisite human and infrastructural resources
and build its capability to promote and ensure a robust and well-functioning financial
sector. This mission statement pledges that the guiding philosophy of BBs operations
would be sound regulatory framework conducive to the operation of efficient market
mechanism along with transparency and accountability, professionalism, ethical
standards, adoption of modern technology in operational and decision making processes,
and trust and respect in all relations. Periodic strategic planning would serve to identify
the emerging challenges, key changes affecting BBs internal and external environment
and set its strategic guidelines, set priorities, promote improvements in management
practices, and induce necessary changes in organizational culture.
To fulfill its mission, BB would undertake activities related to developing the national
financial system and management of monetary, foreign exchange, and credit policies. The
Bangladesh Banks core mission strategies cover both monetary policy and financial
sector developments.
Monetary Policy
The aim is to achieve the twin goals of containing inflation and promoting sustained and
stable economic growth; provide policy advice to the Government on deficit financing
and public debt management; manage the balance of payments and foreign exchange
reserves; provide payment services and ensure the stability of the financial system;
conduct treasury and government securities related operations; and efficiently perform
other international financial activities.
Financial Sector Developments
Critical activities cover the development of the financial systems; provide effective
prudential supervision; ensure information access, market intelligence, and contingency
planning to avoid systematic risks; assist banking and financial entities to become
efficient and competitive; discover new modalities for delivering agricultural and
industrial term credit; enhance the access of small and medium enterprises to investment
funds; further develop the market in public and private debt and risk capital; and promote
measures for inclusion of people hitherto bypassed in formal financial systems.

In addition, the Bangladesh Bank will continuously adopt necessary measures for taking
a proactive stance in decision making; compiling relevant statistics and conducting high
quality and timely economic research to review the countrys financial and economic
conditions to support decision making; ensuring efficient and professional management
of BBs human and financial resources; and establishing BBs distinct identity based on
its values and strategic roles.
In order to uphold the mission, Bangladesh Banks aim would be to provide the required
leadership by discharging its duties in a manner that shows a clear vision, is watchful, farsighted, intelligent and responsive based on an effective and efficient communication
strategy. At all times, BBs aim would be to remain committed, efficient, capable,
logistically supported, speedy, focused, and aggressive where necessary in order to ensure
that the Bangladesh Bank always remains a credible and prestigious institution with an
efficient organizational structure committed to achieving its goals.
Branches : 9
Barishal Office
Bogra Office
Chittagong Office
Khulna Office
Motijheel Office
Rajshahi Office
Rangpur Office
Sadarghat Office
Sylhet Office

Board of Directors:
Chairman
Dr. Atiur Rahman 880-2-7120106(Off) 880-2-9566212
Director
Dr.Momtaz Uddin Ahmed 880-2-8614314(Res),
880-1711-591651(Mob) -Dr.Mohammad Tareque 880-2-7160406(Off),
880-02-8959066(Res) 880-2-7165581
Dr. Muhammad Ismail Hossain 880-2-7708478-85 Extn:281 (Off.),880-2-8951158
(Res.),
88-01715032345 (Mob.) 880-2-7791052,
880-2-7708383

Dr. Mohammad Ali Taslim 880-2-8613905(Off),


880-2-8153141(Res),
880-01712623367(Mob) -Mr. M Musharraf Hossain Bhuiyan 880-2-8112641(Off.)
880-2-8859179 (Res.)
88-01552100026 (Mob.) 880-2-8113088
Dr. Nasiruddin Ahmed 880-2-8362442 (Off) 880-2-8316143
Secretary
Md. Nazrul Huda 880-2-7122533(Off),
880-2-9550304(Off),
880-2-8353491(Res.) 880-2-9566212
Secretary
Mir Abdur Rahim 880-2-7125625(Off.)
880-8826521(Res.)
88-01730009353(Mob.) 880-2-9566212
Executive Staff:
Governor
Dr. Atiur Rahman 880-2-7120106(Off)
Deputy Governor
Md. Nazrul Huda 880-2-7122533(Off),
880-2-9550304(Off),
880-2-8353491(Res.)
Ziaul Hasan Siddiqui 880-2-7122544(Off),
880-2-7114011(Off)
880-2-8363245(Res)
Murshid Kuli Khan 880-2-7166102(Off),
880-2-8357699(Res)
Executive Director
Khandakar Muzharul Haque 880-2-9550301
Md. Abul Quasem 880-2-7120109
Chowdhury Mohidul Haque 880-2-7167988,
01730009341
Mir Abdur Rahim 880-2-7125625(Off.)

880-8826521(Res.)
88-01730009353(Mob.)
Nazneen Sultana 880-2-9557551
Devaki Kumar Saha 880-2-8033650
A. H. M. Kai Khasru 880-2-7164214
Md. Ahsan Ullah 880-2-7120108
Noor Muhammad Howlader
Economic Advisor
Habib Ullah Bahar 880-2-7163524

About Governor:
Dr. Atiur Rahman
Governor, Bangladesh Bank
Dr. Atiur Rahman took the helm of the central Bank of Bangladesh for four year tenure
on May 1, 2009 as the 10th Governor of Bangladesh Bank, the country's monetary policy
authority, financial sector regulator and supervisor.
Dr. Rahman has been a renowned economist in his varied roles as a University Professor,
researcher, banker and a leader in pro-poor, environment-friendly and gender-sensitive
development paradigm. Prior to his assumption of the office of the Governor, he was a
Professor of Economics in the Department of Development Studies (2006-2009),
University of Dhaka, and Chairman of the Board of Trustees of Shamunnay, a centre for
excellence in development research in Bangladesh. He also served as the Chairman of the
Board of Directors of Unnayan Shamannay, a non-profit organization for research,
development and cultural learning. His previous roles also include Director of Sonali
Bank, the largest commercial bank in Bangladesh, Chairman of the Board of Directors of
Janata Bank, the second largest commercial bank in the country and a long tenure as a
Senior Research Fellow at the Bangladesh Institute of Development Studies (BIDS). He
conducted various research works on economic development and published extensively
on the micro-finance revolution in Bangladesh. For many years, Dr. Rahman also steered
the Credit Development Forum (CDF) in Bangladesh as Chairman. He has been a known
public face advocating for more humane development including pro-poor participatory
budgeting. He is considered an authority on matters related to the fiscal budget in
Bangladesh.

Born in 1951, Dr. Atiur Rahman studied at Mirzapur Cadet College for his secondary and
higher secondary education, followed by his undergraduate and graduate studies at the
Department of Economics of the University of Dhaka where he obtained his B.A.
(Honors) and M.A. in Economics, achieving academic distinctions at all levels. He was
awarded the Commonwealth scholarship and went to the School of Oriental and African
Studies (SOAS), University of London to pursue his M.A. and Ph.D. in Economics
(1983). His PhD thesis "Peasants and Classes" published later as a book by the Oxford
University Press is an acclaimed reference book in development research. Subsequently,
he was awarded a Commonwealth Development Fellowship at the University of
Manitoba in Canada (1989), a Ford Foundation Post Doctoral Fellowship at The
University of London (1991-92), and a Visiting Research Fellowship, at the Institute of
South-East Asian Studies, Singapore (1998-99). He was also a visiting/adjunct professor
in a number of universities, both home and abroad.
Besides, he has been directing a number of socio-cultural organizations including Biswa
Sahitya Kendra and Monajatuddin Smriti Sangsad. He served as Project Director / Team
Leader on 22 international and 58 national projects related to socio-economic
development and participated in 75 international and around 250 national workshops. He
also served as the General Secretary of Bangladesh Economic Association and as a life
member of Asiatic Society, Bangladesh and Bangla Academy.
Dr. Atiur Rahman is a champion of indigenous development paradigm rooted in the
Philosophy of Rabindranath Tagore that has a strategic thrust on agricultural and rural
development for the predominantly agrarian and rural Bangladesh. He is an eminent
expert on poverty alleviation and one of his major research areas is poverty alleviation of
char (shoal) dwellers.
Dr. Rahman has also distinguished himself as a popular newspaper columnist on poverty,
public expenditure, economic development, public welfare and other socio-economic
issues. His published books total 45 as of 2009 of which 16 are in English and 29 are in
Bangla. Besides, he has published dozens of papers in national and international journals.
For his outstanding contribution to the society, he achieved many awards including the
prestigious Atish Dipankar Gold Medal (2000) and the Chandrabati Gold Medal (2008).
Dr. Rahman is married to Dr. Shahana Rahman, Professor of Pediatrics, Bangabandhu
Sheikh Mujib Medical University and they have been blessed with three daughters: Arno
Kamolika, Orchi Madhurima and Prokriti Shyamolima.
Source: Bangladesh bank official website