Bangladesh Bank

The central bank is currently focused on addressing the systemic crisis of non-performing loans through aggressive interest waiver and exit policies while maintaining a contractionary monetary stance.

Bangladesh Bank was established effective 16 December 1971 and formalised by President's Order No. 127 of 1972, reorganising the Dhaka branch of the State Bank of Pakistan. It is technically under the supervisory framework of the Financial Institutions Division (Ministry of Finance) for administrative/legislative purposes but operates with statutory independence in monetary policy. Governor Mostaqur Rahman (14th governor, businessman and FCMA, appointed 25 February 2026, assumed office 26 February 2026) replaced Ahsan H. Mansur whose remaining term to August 2028 was cancelled by the BNP-led government; this is the most significant governance change within the 90-day window. Reserves figures: gross reserves fluctuate weekly -- $35.33 billion on May 6, $34.32 billion on May 15; BPM6-compliant usable reserves crossed $30 billion in May 2026 for the first time since 2023. Remittance figure of $26.21 billion is July 2025-March 2026 cumulative (FY26 nine-month), not a monthly figure; April 2026 alone was $3.13 billion (up 13.6% YoY). Taka-USD rate of approximately 122.75 BDT per USD is as of 14 May 2026 (source: xe.com/Trading Economics); BB official exchange rate page is the primary reference. NPL ratio of ~30.6% (December 2025) reflects quarterly BB data; June 2026 target of below 8% for the system (SOBs 10%, private banks 5%) is an IMF ECF benchmark that most analysts consider unlikely to be met given the scale of the gap. Nagad forensic audit: KPMG engaged by BB; Tk 2,356 crore total discrepancy confirmed; BB administrator appointment dates from August 2024 under former Governor Mansur. All data points verified against 2+ primary sources.