Premium Essay

My Foot

In: Business and Management

Submitted By majharul49
Words 1028
Pages 5
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 nine offices located at Motijheel, Sadarghat, Chittagong, Khulna, Bogra, Rajshahi, Sylhet, Barisal and Rangpur in Bangladesh; total manpower stood at 4926 (officials 3910, subordinate staff 1016) as on December 31, 2011. | |
| |
|Functions |
|BB performs all the core functions of a typical monetary and financial sector regulator, and a number of 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. |
|Management of the country's international reserves. |
|Issuance of currency notes. |
|Regulation and supervision of the payment system. |
|Acting as banker to the government .…...

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