The government has appointed Md Mostaqur Rahman, FCMA, as the new governor of Bangladesh Bank for a term of four years.

According to a notification issued today by the Financial Institutions Division of the Ministry of Finance, the appointment has been made under Section 10(5) of the Bangladesh Bank Order, 1972 (President’s Order No. 127 of 1972).

The notification said Md Mostaqur Rahman will serve as governor for four years from the date of his joining, subject to relinquishing all work relationships with other institutions and organisations.

During his tenure as governor, he will draw salary, allowances and other benefits from Bangladesh Bank in accordance with the terms of the contract to be executed with the government. Other conditions of his appointment will be determined by the contract agreement.

The order, issued in the public interest, takes immediate effect.

The notification was issued by Mohammad Abraoul Hasan Majumder, Deputy Secretary of the Financial Institutions Division, by order of the President.

Meanwhile, in another notification of the Financial Institutions Division, the government has cancelled the rest of the tenure of Dr Ahsan H Mansur as central bank governor.