‘I quit after watching news on TV': Bangladesh Bank governor resigns days after Tarique Rahman took office

Bangladesh’s central financial institution governor has resigned abruptly, simply days after the nation’s newly elected authorities assumed workplace, Bloomberg News reported on Wednesday, highlighting early indicators of churn inside Dhaka’s financial management.

Ahsan H. Mansur, Governor of Bangladesh Financial institution, informed Bloomberg News that he had left his place after native tv channels reported that the brand new administration was making ready to interchange him.

“After seeing the TV news that I’m being changed, I left the job,” Mansur mentioned in a telephone interview with Bloomberg News. “There are formalities remaining. I’ll do this later.”

The sudden resignation comes simply days after the inauguration of Prime Minister Tarique Rahman, whose Bangladesh Nationalist Social gathering swept to energy within the nation’s first common election for the reason that 2024 standard rebellion.

Protest at central financial institution headquarters

The precise circumstances behind Mansur’s departure stay unclear. Earlier within the day, a small group of staff staged a protest on the central financial institution’s headquarters in Motijheel, Dhaka’s business district, accusing him of “authoritarianism” and demanding his resignation.

Protesters alleged that the governor had failed to handle their “simply calls for,” although no particular grievances had been publicly detailed.

Tv footage confirmed Mansur leaving the central financial institution constructing shortly after the stories of his impending substitute surfaced.

Political transition and financial uncertainty

Mansur had taken over because the thirteenth governor of Bangladesh Financial institution in August 2024, at a time when the nation was navigating deep political turbulence following the ouster of former Prime Minister Sheikh Hasina amid widespread protests.

His tenure coincided with heightened financial pressures, together with overseas change constraints, inflationary issues and negotiations with multilateral lenders. Whereas the brand new authorities has not formally introduced his successor, the timing of the exit is prone to gas hypothesis over coverage continuity at a delicate juncture for the financial system.