Finance Minister Amir Khasru Mahmud Chowdhury on Wednesday described the change in the leadership of Bangladesh Bank as a “natural process,” saying the new government is making adjustments across institutions to implement its priorities and policy agenda.
Responding to questions from journalists at the ministry, Amir Khasru said the replacement of the central bank governor was not an isolated decision. “Changes have not occurred only at the Bangladesh Bank. After a new government takes office, it brings its own programmes, preferences and policy thinking. Wherever necessary, changes will be made to implement those priorities. This is very natural,” he said.
When asked about the basis for the governor’s removal, Amir Khasru said the decision was part of the broader administrative transition following the formation of the new government. “A new government has its own priorities. Naturally, adjustments are being made in different places, and this process will continue if needed,” he added.
Earlier, the government appointed Md Mostaqur Rahman as the new Governor of Bangladesh Bank, replacing Ahsan H Mansur.
According to a notification issued by the Financial Institutions Division of the Ministry of Finance, Mostaqur Rahman has been appointed under Article 10(5) of the Bangladesh Bank Order, 1972 (Presidential Order No. 127 of 1972) for a four-year term from the date of joining. The order stipulates that he must relinquish all other employment ties before assuming office.
During his tenure, the new governor will receive a salary, allowances and other benefits from Bangladesh Bank as per the agreement signed with the government.
Other conditions of service will be determined through the contractual arrangement. The notification stated that the order takes immediate effect in the public interest.
Dr Ahsan H Mansur, Executive Director of the Policy Research Institute of Bangladesh (PRI), was appointed governor in August 2024 for a four-year term under the same legal provision. However, he was removed from the position after serving approximately one and a half years.