Bangladesh Bank is the central bank of Bangladesh. It was established in 1972 and is responsible for issuing notes, regulating banking activities, and managing the government's foreign exchange reserves. The current Governor of Bangladesh Bank is Fazle Kabir. In this article, we will explain who Fazle Kabir is and how his appointment as the Governor of Bangladesh Bank came about. We will also answer some frequently asked questions about Fazle Kabir's tenure as Governor.
Table Of Content:
- List of governors of the Bangladesh Bank - Wikipedia
- Governor
- Fazle Kabir - Wikipedia
- Governors of BB
- How the New York Fed fumbled over the Bangladesh Bank cyber-heist
- Govt reappoints Fazle Kabir as Bangladesh Bank governor | The ...
- Bangladesh Bank Chief Resigns After Cyber Theft of $81 Million ...
- Two deputy governors appointed to Bangladesh Bank
- The Billion-Dollar Bank Job - The New York Times
- Bangladesh to sue Manila bank over $81 million cyber heist ...
1. List of governors of the Bangladesh Bank - Wikipedia
https://en.wikipedia.org/wiki/List_of_governors_of_the_Bangladesh_BankThe central bank of Bangladesh is known as Bangladesh Bank. Under the Bangladesh Bank ... Serial No, Name, Image, Took office, Left office. 1, A. N. M. ...
2. Governor
https://www.bb.org.bd/governor/governor.phpMr. Fazle Kabir, former Finance Secretary to the Government of Bangladesh, joined as the 11th Governor of Bangladesh Bank on March 20, 2016. Fazle Kabir ...
3. Fazle Kabir - Wikipedia
https://en.wikipedia.org/wiki/Fazle_Kabir^ "Govt reappoints Fazle Kabir as Bangladesh Bank governor". The Daily Star. 2020-07-15. Retrieved 2020-07-16.
4. Governors of BB
https://www.bb.org.bd/aboutus/bbgovernors.phpMr. Fazle Kabir March 20, 2016 onwards. Dr. Atiur Rahman May 01, 2009 to March 15, 2016, Dr. Salehuddin Ahmed May 01, 2005 to April 30, 2009.
5. How the New York Fed fumbled over the Bangladesh Bank cyber-heist
http://www.reuters.com/investigates/special-report/cyber-heist-federal/Jul 21, 2016 ... When hackers tried to steal $1 billion from Bangladesh's central bank, the ... had the name Jupiter not formed part of the address of a Philippines bank where ... RESIGNED: Atiur Rahman, former governor of Bangladesh Bank, ...
6. Govt reappoints Fazle Kabir as Bangladesh Bank governor | The ...
https://www.thedailystar.net/top-news/news/govt-reappoints-fazle-kabir-bangladesh-bank-governor-1930853Jul 15, 2020 ... Fazle Kabir has been reappointed as the governor of Bangladesh Bank (BB) for two more years. The Financial Institutions Division of the ...
7. Bangladesh Bank Chief Resigns After Cyber Theft of $81 Million ...
https://www.nytimes.com/2016/03/16/world/asia/bangladesh-bank-chief-resigns-after-cyber-theft-of-81-million.htmlMar 15, 2016 ... Atiur Rahman, the governor of Bangladesh's central bank, resigned on ... name as the Shalika Fandation instead of the Shalika Foundation.
8. Two deputy governors appointed to Bangladesh Bank
https://www.newagebd.net/article/122311/two-deputy-governors-appointed-to-bangladesh-bankNov 22, 2020 ... The newly appointed deputy governors are Kazi Sayedur Rahman, now an executive director at the BB, and AKM Sajedur Rahman Khan, ...
9. The Billion-Dollar Bank Job - The New York Times
https://www.nytimes.com/interactive/2018/05/03/magazine/money-issue-bangladesh-billion-dollar-bank-heist.htmlMay 3, 2018 ... 5, 2016, Zubair Bin Huda, a director at Bangladesh's central bank, ... But since a new bank governor took over in 2009, the institution had gone digital. ... the word “Jupiter,” the name of the R.C.B.C. bank branch to which the ...
10. Bangladesh to sue Manila bank over $81 million cyber heist ...
https://www.reuters.com/article/us-cyber-heist-bangladesh/bangladesh-to-sue-manila-bank-over-81-million-cyber-heist-cenbank-governor-idUSKCN1PO19JJan 30, 2019 ... Fazle Kabir, governor of the Bangladesh Bank, said the lawsuit would be filed in the U.S. District Court for the Southern District of New York.
Who is Fazle Kabir?
Fazle Kabir is the current Governor of Bangladesh Bank. He has been in this position since 2016 and is responsible for managing all aspects of Bangladesh Bank's operations. He previously served as Secretary to the Government of Prime Minister Sheikh Hasina, who appointed him Governor of Bangladesh Bank in 2016. He also held several other important positions at various ministries prior to his appointment as Governor.
What qualifications does he have?
Fazle Kabir holds a Master’s degree in Economics from Dhaka University and a Bachelor’s degree in Commerce from Chittagong University. He also holds certificates from Harvard Kennedy School Executive Education programs such as Leadership Boot Camp and Principles for Public Management Leadership Programs among others.
What are Fazle Kabir’s main achievements?
During his tenure as Governor, Fazle Kabir has overseen a number of major economic reforms, including the establishment of a framework for credit rating agencies, financial inclusion initiatives like MFS product based on national ID card program, strengthening capital markets legislation, addressing vulnerabilities in cyber security infrastructure and operationalising NBR-Bangladesh Bank Automation Project (BBP). He has also worked tirelessly to ensure that Bangladeshi banks remain well-capitalized and resilient to shocks from external factors such as macroeconomic volatility or changes in global financial markets.
How has he responded to COVID-19?
To respond to the economic impact of COVID-19 pandemic and its effects on small businesses, families and workers, Bangladesh Bank under direction from Governor Fazle Kabir introduced stimulus packages worth Tk 2 trillion with focus on providing working capital loans for businesses affected by COVID-19 closure orders to support them during this difficult period . Additionally, special steps were taken towards providing liquidity into several sectors including agro processing industry , textiles manufacturing , tourism , leather products etc.
Conclusion:
In conclusion it can be seen that since taking over as the governor of Bangladesh Bank in 2016, Mr. Fazle Kabir has overseen numerous reforms meant to strengthen both local banking systems as well as international ones through making sure that Bangladeshi Banks remain resilient against external shocks due to macroeconomic volatility or changes in global financial markets . His recent stimulus packages introduceda s response to Covid-19 pandemic are another testimony tot he effectiveness with which Mr .Kabir provided guidance during tough times .