Parliament on Thursday passed the 'Bangladesh Bank (Amendment) Bill, 2020' raising the age limit for central bank’s governor to 67 years from existing 65.
In absence of Finance Minister AHM Mustafa Kamal, Planning Minister MA Mannan moved the bill in the House and it was passed by voice vote.
The bill was placed in the House on Wednesday.
According to the Bangladesh Bank Order 1972, no person can remain in the governor post completion of 65 years.
According to the bill, the initiative was taken to abolish the provision related to the age ceiling for the governor of Bangladesh Bank in the clause-5 of the Article 10 of the Bangladesh Bank Order 1972 in public interest.
Since the 65-year age ceiling is fixed, it is not possible to consider many qualified candidates for the post of governor, despite having their relevant expertise and experiences in the financial sector.
And it is not even possible to reappoint someone, who has been serving in that position with distinction, once he or she crossed the age of 65.