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Bangladesh Bank needs reform, says Finance Minister

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ANI Dhaka
Last Updated : Mar 16 2016 | 7:32 PM IST

Expressing his dissatisfaction on the overall condition of the Bangladesh Bank, Finance Minister Abul Maal Abdul Muhith said the bank needs reform.

"Different systems of the Bangladesh Bank require reform. It is not in healthy condition," Daily Star quoted Muhith as saying at the secretariat in Dhaka.

Without making anything clear about the reform, he said that we have appointed Fazle Kabir as new governor of Bangladesh Bank and he would look after the issue.

Kabir, former finance secretary and incumbent chairman of state-run Sonali Bank, is in New York at present, and would return home on March 18.

The finance minister also said that Kabir is expected to join as new governor of Bangladesh Bank by March 20.

Former Bangladesh Bank governor Atiur Rahman had yesterday quit from his post on moral grounds over the heist of US$101 million from the central bank's account with the New York Federal Reserve Bank.

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First Published: Mar 16 2016 | 7:11 PM IST

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