Bangladesh Central Bank in Turmoil: Tarique Rahman's Controversial Governor Appointment Sparks Outcry

• Tarique Rahman's government removed Central Bank Governor Ahsan H. Mansur, appointed by Mohammed Yunus, sparking a major conflict.
• New Governor Mostakur Rahman, a garment businessman with no banking experience, has ignited controversy, especially given his political ties to Khaleda Zia's party.
• Mostakur Rahman's company, Hera Sweaters Limited, recently had an 89 crore taka defaulted loan rescheduled, raising concerns about his ability to manage the banking system impartially.
• Former Governor Ahsan H. Mansur had a strong record, increasing foreign exchange reserves and lowering inflation, making his sudden removal suspicious.
• Opposition and experts criticize the appointment, fearing erosion of the Central Bank's independence and potential collapse of the banking system due to political influence.