Bangladesh Bank governor loses post

Staff Correspondent

Ahsan H. Mansur was seen leaving the Bangladesh Bank office after being removed from the post of governor.

Dr. Ahsan H. Mansur left the bank without making any formal announcement on Wednesday, shortly after hearing the news of his resignation amid the ongoing crisis and controversy.

He told reporters, “I didn’t resign, but I heard about it on the news.” He didn’t say anything else after that.

Finance Ministry sources said that a notification has been issued cancelling the remaining term of Dr. Mansur’s contractual appointment and the process of appointing Mostaqur Rahman as the new governor is underway through government efforts. The proposal has been sent from the Finance Ministry to the Prime Minister’s Office for approval.

Mostaqur Rahman is currently working as a student specialist at a university in the United States and his name is being discussed for the new leadership of the central bank.

Mansur’s sudden departure has created a stir within the central bank. The situation has become tense as officials have been openly engaged in various discussions surrounding him. A section of the bank’s officers’ organization, the Bangladesh Bank Officers Council, tried to oust Governor’s advisor Ahsan Ullah, with one person seen rushing in and being stopped by others.

Ahsan Ullah, who was appointed as the former executive director of Bangladesh Bank on a one-year contract last year, was responsible for assisting the governor in the bank’s reform efforts.

In the ongoing discussion among people, such comments and concerns have also been expressed in various areas, such as the central bank “supporting the banking sector by printing money” or the economic stability being at risk due to “the policy of destroying the banking sector.”