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Atiur Rahman Resigns, Fazle Kabir To Become New BB governor

Things are changing rapidly with Bangladesh Bank. Dr. Atiur resigned from his position this morning, as part of the fallout from the stealing of US$101m from Bangladesh Bank's account.

In a rather quick move, former secretary of Finance Division Fazle Kabir will be made new governor of Bangladesh Bank, Finance Minister AMA Muhith said today after news broke of Atiur's resignation.

Kabir, now in Washington, will join his new post on March 18, Muhith told reporters at the Secretariat in Dhaka.

Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at [email protected]

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