Photo: Collected
Bangladesh Bank Officers Welfare Council (BBOWC) has urged the interim government to amend ‘Bangladesh Bank Order 1972’ to ensure full autonomy of the central bank.
The organization submitted a memorandum in this regard to the Finance Adviser of the interim government Dr. Salehuddin Ahmed on Thursday (15 August).
The BBOWC sought necessary amendments to ‘Bangladesh Bank Order 1972’ to ensure the complete autonomy of Bangladesh Bank (BB) including it administrative, operational, and financial expenditure independence.
Leaders of the organization in a press conference at the central bank headquarters today explained their demands to the reporters.
BBOWC's Acting President Tanveer Ahmed General Secretary AKM Masum Billah and other executives were present in the press conference.
Apart from this, the BBOWC has demanded reforms in various areas of the country's financial sector and the central bank.
They demanded abolition of the Financial Institutions Division (FID), a wing of the Ministry of Finance, to prevent conflict of interest and dualism in the banking sector.
They demanded amendments related to reforms to bring back the good governance of the banking and financial sector.
Other demands included structural reform of the central bank’s Board of Directors, inclusion of the post of BB governor as a constitutional post, full ministerial status and appointment of renowned economists or central bank officials as governors; converting the post of Deputy Governor and Head of BFIU to the regular posts and giving the post status as Senior Secretary.
Besides, it demanded that important functions of the BB, such as interest rate, exchange rate, and licensing of banks or financial institutions, should be kept free from political interference and influence.
Messenger/UNB/Sourov
