Bill placed in JS to raise Bangladesh Bank governor’s age limit to 67
The Bangladesh Bank (Amendment) Bill 2020 was placed in parliament today to extend the age limit of the governor of the central bank to 67 years.
Planning Minister MA Mannan, in the absence of Finance Minister AHM Mustafa Kamal, placed the bill in the house.
According to the bill, since the age limit is 65 years at present, it is not possible to consider many qualified candidates for the post of governor, despite having relevant expertise and experience in the financial sector.
And it is not even possible to reappoint someone who may have been serving in that position, and doing so with distinction, once he or she crosses the age of 65.
According to Bangladesh Bank Order 1972, no person can remain in the post of governor after the age of 65 years.
The initiative has been taken to abolish the provision, related to the age limit for the governors of Bangladesh Bank, in clause-5 of Article 10 of the Bangladesh Bank Order 1972 for public interest.
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