The Ministry of Finance has appointed two new deputy governors to the central bank, thus increasing the number to four in total.
The two appointees are AKM Sajedur Rahman Khan, managing director, Rajshahi Krishi Unnayan Bank, and Kazi Saidur Rahman, executive director, Bangladesh Bank
The two new deputy governors have been hired on a contract basis.
The Financial Institutions Division of the Ministry of Finance issued a notification in this regard on Sunday.
The new deputy governors will remain in office until they reach the age of 62, the circular said.
AKM Sajedur Rahman will perform his duties till 1 February 2024.
The notification also said the appointment of the two deputy governors has been made on contract basis and on the condition of cancellation of their voluntary retirement from their present posts and pre-retirement leave.
On the other hand, Kazi Saidur Rahman will be able to perform his duties till 1 January 2025.
At present, SM Moniruzzaman and Ahmed Jamal are currently acting as the deputy governors at the Bangladesh Bank.
With the appointment of the two, the number of the new central bank deputy governors is now four.
However, the term of SM Manizruzzaman will end in December.
The Bangladesh Bank had three posts of deputy governor, which was increased to four last year.
The fourth post was added on the condition that one deputy governor will be appointed from a commercial bank.
In October 2019, the government issued a circular for appointing a deputy governor. Later in February this year, it advertised again for the two deputy governor posts.
The circular included one more option, allowing applicants from commercial banks with working experience of 25 years.