Dhaka, Bangladesh (BBN) - The Bangladesh Bank Officers Welfare Council today urged the interim government to ensure the full autonomy of the central bank by granting independence in administrative, operational and financial expenditures.
The council emphasized the need to amend the Bangladesh Bank Order of 1972 to secure complete autonomy for the institution.
These demands were presented during a press conference held at the Bangladesh Bank headquarters in Motijheel area of Dhaka.
Prior to the press briefing, the council submitted a memorandum to Dr. Salehuddin Ahmed, the finance adviser to the interim government.
The memorandum called for the abolition of the Financial Institutions Division under the Ministry of Finance to eliminate conflicts of interest and dual governance in Bangladesh's banking sector.
In addition to the above, the council called for amendments to relevant laws and regulations, along with other necessary reforms, to restore good governance in the banking and financial sectors.
They further recommended that Bangladesh Bank be insulated from political interference and influence, particularly in the formulation of policies and issuance of circulars related to interest rates, exchange rates and the approval of licenses for banks and financial institutions.
BBN/AD/AN