Bangladesh Bank, the central bank and apex regulatory body for the country’s monetary and financial system, was established in Dhaka as a body corporate vide the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect from 16th December, 1971.
At present it has ten offices located at:
- At Dhaka- (2 offices) Main office at Motijheel, another at Sadarghat. Other offices at Chittagong, Khulna, Bogra, Rajshahi, Sylhet, Barisal, Rangpur & Mymensingh
- As on March 31, 2015: Total manpower stood at 5807 Numbers and out of which officials: 3981 numbers and subordinate staff: 1826 numbers
Functions of the Bank:
BB performs all the core functions of a typical monetary and financial sector regulator, and a number and other non core functions. The major functional areas include:
- Formulation and implementation of monetary and credit policies.
- Regulation and supervision of banks and non-bank financial institutions, promotion and development of domestic financial markets.
- Managemant of the country’s international reserves.
- Issuance of currency notes.
- Regulation and supervision of the payment system.
- Acting as banker to the government.
- Money Laundering Prevention.
- Collection and furnishing of credit information.
- Implementation of the foreign exchange regulation Act.
- Managing a Deposit Insurance Scheme.