The sudden change in the position of the governor of Bangladesh Bank, the country’s central bank, has sparked fresh discussion and debate over the financial sector. The appointment of Ahsan H Mansur has been cancelled and Md Mostaqur Rahman appointed governor for four years.

Questions have arisen as to whether the manner and process by which Ahsan H Mansur was removed were consistent with institutional decorum. His removal was not merely a personal matter, it was an institutional one.

Ahsan H Mansur’s contract was due to run until August 2028. The remaining tenure was cancelled through a government notification. On the same day, prior to the publication of that notification, he had said at a press conference, “It would take me two seconds to resign.”