Bangladesh’s new central bank governor appointed this morning

Mohammad Mostakur Rahman formally assumed office as the 14th Governor of Bangladesh Bank today, arriving at the central bank at 10:40 a.m. He was received by the three Deputy Governors and senior officials in a brief welcoming ceremony.

Following his appointment yesterday, Mr Rahman joined the bank immediately, signalling the start of his tenure. On entering the bank, he told reporters succinctly: “I have arrived; let’s start work. Discussions can follow later.”

According to official sources, the new Governor will spend the morning meeting with key officials, including the Deputy Governors, the head of the Banking and Financial Institutions Unit (BFIU), and the chief economists of the central bank. He is also scheduled to meet executive directors later in the day. At approximately 1:30 p.m., Mr Rahman will attend the secretariat for additional official duties.

The government’s appointment of Mr Rahman came a day after the revocation of Ahsan H. Mansur’s nomination. Mr Rahman, a seasoned businessman and holder of an FCMA degree in cost management, is the first private-sector entrepreneur to be appointed as the Governor of Bangladesh Bank. His four-year tenure officially begins from the date of joining, under a government order issued by the Ministry of Finance’s Financial Institutions Division. The order stipulates that Mr Rahman must relinquish all professional ties with other organisations before assuming office. It also notes that the decision is in the public interest and effective immediately.

Prior to heading to the bank, Mr Rahman left his Gulshan residence at 8:30 a.m., travelling in his own car. An official familiar with his morning routine stated anonymously, “He departed between 8:00 and 8:30 a.m. and drove himself to the bank.”

For clarity, key details of the new Governor’s appointment and schedule are summarised below:

Mr Rahman’s appointment marks a historic shift for the central bank, reflecting a growing trend of integrating private-sector expertise into public financial institutions. Observers note that his business acumen and cost management experience may bring a fresh perspective to Bangladesh Bank’s operations.