Fazle Kabir reappointed as BB Governor

Bangladesh Bank (BB) Governor Fazle Kabir has been reappointed to his post until July 3, 2022.

Financial Institutions Division of the Ministry of Finance issued a circulation in this regard on Wednesday (July 15).

“Fazle Kabir has been appointed as the governor of the Bangladesh Bank until he turns  67 or  till July 3,  2022 as per the provisions  of articles 10 (3) and 10 (5) of the Bangladesh Bank Order, 1972, Bangladesh Bank (amendment) Act, 2020,” reads the appointment letter.

Fazle Kabir will receive salary-allowance and other benefits from the BB as per the terms of the agreement executed with the government during his tenure as governor, it adds.

The order will be effective immediately.

Earlier, on July 09, the parliament passed the Bangladesh Bank (Amendment) Bill, 2020, raising the age limit for the BB governor to 67 years from 65.

Dhaka/Hasnath/AKA