Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 1076 Mon. June 11, 2007  
   
Business


BB chief seeks full autonomy of central bank


Bangladesh Bank Governor Dr Salehuddin Ahmed yesterday stressed the need for full-scale autonomy of his organisation for smooth functioning of the banking sector.

He made the appeal in presence of Foreign Affairs Adviser to the caretaker government Dr Iftekhar Ahmed Chowdhury at a policy dialogue on 'Safe Migration and Remittances' at the BRAC Center Inn.

"Bangladesh Bank does not enjoy full autonomy like the other central banks in the world," he said.

Talking to reporters after the programme, he said for taking many decisions they have to send the proposals to different ministries and that creates procrastination.

Replying to a query whether the full autonomy creates any kind of lack of accountability, he said, "Obviously, full autonomy does not mean lack of accountability--there must be a process to make us accountable."