Parliament passes the bill on Thursday, raises the age limit to 67 years
The national parliament has passed the Bangladesh Bank (Amendment) Bill, 2020, raising the age limit for appointing a governor for the central bank to 67 years from 65.
Planning Minister MA Mannan, in absence of Finance Minister AHM Mustafa Kamal, moved the bill in the House, and it was passed by voice vote on Thursday, UNB reported.
The bill had been tabled in parliament on Wednesday.
According to the Bangladesh Bank Order, 1972, no person can remain in the governor’s post after the age of 65 years.
According to the newly passed bill, the initiative has been taken to abolish the provision related to the age ceiling for Bangladesh Bank governor, in Clause 5 of Article 10 of the Bangladesh Bank Order, for public interest.
With the 65-year ceiling, it is not possible to consider many qualified candidates for the post of the central bank governor, despite having their relevant expertise and experiences in the financial sector, the UNB report said.
It is also not possible to reappoint someone, who has been serving in that position with distinction, once he or she crossed the age of 65, the report added.