Fazle Kabir reappointed as BB governor...

Dhaka, Sunday   09 August 2020

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Fazle Kabir reappointed as BB governor

 Staff Correspondent daily-bangladesh.com

 Published: 07:18 PM, 15 July 2020   Updated: 07:19 PM, 15 July 2020

Fazle Kabir reappointed as BB governor

Fazle Kabir reappointed as BB governor

The government has reappointed Fazle Kabir as the Bangladesh Bank governor after 12 days of his previous tenure ended on July 3.

Finance Ministry today issued a gazette notification in this regard.

Fazle Kabir has been reappointed as per the Bangladesh Bank (Amendment) Act 2020 and his present tenure will end on July 3, 2022, said a circular signed by Jihad Uddin, Deputy Secretary of the Department of Financial Institutions, Ministry of Finance.

It further said that Fazle Kabir will receive salary-allowance and other benefits from Bangladesh Bank as per the terms of the agreement executed with the government during his tenure as Governor. Other matters of this appointment shall be determined by the said contract.

Fazle Kabir was appointed as the 11th governor of the Bangladesh Bank On March 16, 2016, for the next four years. His tenure was supposed to expire on March 20 this year, but later it was extended until he turned 65.

Earlier on July 9, an amendment was made to the law setting the highest age limit of the central bank governor as 67 years from the previous 65 years.