Bangladesh Bank
Bangladesh Bank is the Central bank of Bangladesh. It is the monetary authority of the country. It came into existence under the Bangladesh Bank Order 1972 (Presidential Order No. 127 of 1972) which took effect on 16 December 1971. Through this order, the entire operation of the former State Bank of Pakistan in the eastern wing was transferred to Bangladesh Bank.
Bangladesh Bank has 9 branch offices, two in Dhaka city (Sadarghat and Motijheel), and one each in Chittagong, Khulna, Rajshahi, Sylhet, Bogra, Rangpur and Barisal. The head office discharges its duties with 28 departments. * Objectives:
As the central Bank of Bangladesh, the broad objectives of the Bank are : * To regulate currency issuance and to keep foreign exchange reserves. * To manage the monetary and credit system of Bangladesh with a view to stabilizing domestic monetary value. * To preserve the par value of the Bangladeshi Taka. * To promote and maintain a high level of production, employment and real income in Bangladesh; and to foster growth and development of the country 's productive resources. * To reserve all the rights of the bank. * Functions
Bangladesh Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country’s foreign exchange and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government’s banker and the banker’s bank, a “Lender of the Last Resort”. Bangladesh Bank, like most of the central banks of different countries, exercises monopoly over the issue of currency and the banknotes. Except for the 1 and 2 taka notes, it issues all other denominations of Bangladeshi Taka.
Bangladesh Bank is empowered to act as the watchdog of the country 's banking system, and all scheduled banks are accountable to
Bangladesh Bank has 9 branch offices, two in Dhaka city (Sadarghat and Motijheel), and one each in Chittagong, Khulna, Rajshahi, Sylhet, Bogra, Rangpur and Barisal. The head office discharges its duties with 28 departments. * Objectives:
As the central Bank of Bangladesh, the broad objectives of the Bank are : * To regulate currency issuance and to keep foreign exchange reserves. * To manage the monetary and credit system of Bangladesh with a view to stabilizing domestic monetary value. * To preserve the par value of the Bangladeshi Taka. * To promote and maintain a high level of production, employment and real income in Bangladesh; and to foster growth and development of the country 's productive resources. * To reserve all the rights of the bank. * Functions
Bangladesh Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country’s foreign exchange and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government’s banker and the banker’s bank, a “Lender of the Last Resort”. Bangladesh Bank, like most of the central banks of different countries, exercises monopoly over the issue of currency and the banknotes. Except for the 1 and 2 taka notes, it issues all other denominations of Bangladeshi Taka.
Bangladesh Bank is empowered to act as the watchdog of the country 's banking system, and all scheduled banks are accountable to
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