A central bank, according to Investopedia, is a financial entity with privileged authority over a country's money and credit production and distribution. In most modern economies, the central bank is in charge of monetary policy.Monetary policy is implemented, and member banks are regulated. Bangladesh Bank is the central bank of Bangladesh.

1. Jahangirnagar University
Institute of Business Administration (IBA-JU)
Assignment On
Central Bank
Submitted To : Md. Alamgir Hossen
Assistant Professor
Course Instructor
Bank Management
[FIN-303]
Submitted By : Aditta Barua
ID - 1745
Date of Submission: 3 January , 2022

2. What is Central Bank?
A central bank, according to Investopedia, is a financial entity with privileged authority over a
country's money and credit production and distribution. In most modern economies, the
central bank is in charge of monetary policy.Monetary policy is implemented, and member
banks are regulated.
Bangladesh Bank is the central bank of Bangladesh.
Functions of a Central Bank:
These are the major functions of Bangladesh Bank. Most of the central banks around
the globe, generally perform these functions. According to the official website of
Bangladesh Bank, the major functions of a central bank are:
• 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.
• Management 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.
History of the Central Bank of Bangladesh, Bangladesh Bank:
The Bangladesh Bank, the country's central bank and the primary regulator of the country's
monetary and financial systems, was created as a corporation in Dhaka on December 16, 1971,
by the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972). Bangladesh Bank began operations
with the capital and liabilities of the State Bank of Pakistan's Dhaka branch (Banglapedia, 2019).

3. Bangladesh Bank's paid-up capital is Tk. 30 million, divided into 300,000 shares of Tk. 100 each,
all of which are fully paid up by the government. The bank is governed by a board of directors
that includes the Governor as Chairman, one deputy governor, and seven other members. The
Governor and the deputy governors of the Bank are appointed by the government for a period
not exceeding five years and are eligible for reappointment. The Governors who have served
since its inception are: ANM Hamidullah (1972-74); AKN Ahmed (1974-76); M Nurul Islam
(1976-87); Shegufta Bakht Chaudhuri (1987-92); Khorshed Alam (1992-96); LutfarRahman
Sarkar (1996-98); Dr. Mohammed Farashuddin (1998-2001); Dr.Fakhruddin Ahmed (2001-
2005); Dr. Salehuddin Ahmed (2005-2009); and Dr. Atiur Rahman (2009-2016), and Mr. Fazle
Kabir (2016- till now) (Bangladesh Bank,2015).
MOTIJHEEL is the headquarters of Bangladesh Bank. Aside from that, Bangladesh Bank has eight
branch offices: one in Dhaka (SADARGHAT), one in Chittagong, Khulna, Rajshahi, Syhlet, Bogra,
Rangpur, and Barisal. There are 31 departments at the university. The main office With 31
departments, the head office carries out its responsibilities (BB, 15).
References:
1. Bangladesh Bank. (2019 12). Retrieved April 18, 2020, from
http://en.banglapedia.org/index.php?title=Bangladesh_Bank
2. About Us. (2015, April 23). Retrieved April 18, 2020, from
https://www.bb.org.bd/aboutus