The Bangladesh Bank Officers Welfare Council on Thursday demanded to ensuring complete autonomy of the central bank citing that otherwise the regulatory body will face hurdle to play its expected role.
The officers’ welfare council urged upon the interim government to amend the Bangladesh Bank Order 1972 in doing this.
The demands were made at a press conference, held at the Bangladesh Bank conference room.
Earlier they submitted a memorandum to the finance adviser of the interim government.
The council recommended that Bangladesh Bank should be kept free from political interference and influence at the time of doing multiple functions related interest rate, exchange rate and licensing of banks or financial institutions.
They sought the Financial Institutions Division of the finance ministry to be abolished to avoid conflict of interest and dualism in the banking sector.
The council also urged the government to amend the related laws, rules and other reforms to bring back good governance in the banking and financial sector.
