Atiur Rahman

Atiur Rahman
আতিউর রহমান
Rahman in 2014
Governor of Bangladesh Bank
In office
1 May 2009 – 15 March 2016[1]
Preceded bySalahuddin Ahmed
Succeeded byFazle Kabir
Personal details
Born (1951-08-03) 3 August 1951 (age 72)[2]
Jamalpur, East Bengal, Pakistan (Now, Mymensingh, Bangladesh)
SpouseShahana Rahman
Alma materUniversity of Dhaka
SOAS, University of London
ProfessionEconomist
AwardsWorld No Tobacco Day Award (2012)
Bangla Academy Literary Award (2016)

Atiur Rahman (Bengali: আতিউর রহমান; born 3 August 1951)[2] is a Bangladeshi development economist, author, and banker. He served as the 10th Governor of Bangladesh Bank, the central bank of Bangladesh. He has been called "the banker of the poor" for his contributions in developing the Bangladeshi economy.[3] Rahman is credited with instituting changes in the banking industry that greatly increased the country's foreign exchange reserves and brought automation and digitization in the banking sector.[4] Achievements during his tenure include the creation of the National Payment Switch; introducing automated check clearing for banks using local currency cheques; starting mobile banking; establishing the Bangladesh Electronic Funds Transfer Network (BEFTN); and installing the Bangladesh Automated Clearing House (BACH).[5][failed verification] On 15 March 2016, he resigned as central bank governor after the cyber hacking and theft of US$101 million in foreign reserves from the Bangladesh Bank account held at the Federal Reserve Bank of New York.[6][7]

Early life

Rahman was born in a village in Jamalpur district on 13 December 1951. His father, who was a landless farmer, had received no schooling. Rahman went to school, but had to quit after third grade due to their financial situation.[8]

He was able to resume his education shortly after, taking the final examination for sixth grade. Eventually, he was admitted to Mirzapur Cadet College in seventh grade. A teacher, Foyez Moulavi, collected charity funds to facilitate his admission. Considering his financial inability, the college authority granted him free tuition. Thus he could continue at the college, where he passed the SSC and HSC examinations, securing positions in the merit list both times.[8]

He earned BSS and MSS degrees in economics from the University of Dhaka.[8] With a Commonwealth scholarship, he went to SOAS, University of London to complete his Ph.D. in 1977.[9] His thesis later came out as a book under the title Peasants and Classes, published by the Oxford University Press.[10]

Career

Rahman served as a planning officer in the Bangladesh Tourism Corporation in 1975.[2] In 1994, he established a development NGO under the title Unnayan Shamannay. He worked at the Bangladesh Institute of Development Studies in different capacities for nearly 28 years and retired as Senior Research Fellow on 4 April 2006.[11] He served as director of the state-owned Sonali Bank,[12] the largest in Bangladesh.[13]

In 2001, the government appointed him as chairman of the board of directors of the Janata Bank,[12] the second-largest in the country.[14][15] In 2006,[citation needed] he joined the University of Dhaka in the Department of Development Studies as a professor.[16]

He served in Mohammed Yunus' National Task Force on Poverty Eradication.[citation needed] He was involved in the management of a number of socio-cultural organisations including Credit Development Forum, Monajatuddin Smriti Sangsad, Bangladesh Economic Association and Asiatic Society and Bangla Academy.[16] Rahman focused on poverty alleviation, engaging in first-hand research to find the causes of poverty and means of remedy. He worked specifically with shoal dwellers.[17]

Central bank governor

On 29 April 2009, Rahman was appointed as the 10th governor of Bangladesh Bank, the central bank of the country, for a tenure of four years.[18] He assumed the title on 3 May 2009 and was reappointed until July 2016.[17]

As governor, he took steps to develop the economy by instituting programs including women entrepreneur loans, a loan for landless farmers and special programs around green finance.[19] Rahman worked to bring automation and digitization into the banking sector by creating the National Payment Switch. He introduced automated check clearing for banks in Bangladesh using local currency cheques; starting mobile banking; establishing the Bangladesh Electronic Funds Transfer Network (BEFTN); and instituting the Bangladesh Automated Clearing House (BACH).[20][21] BEFTN is a system of transferring money from one bank account directly to another bank without paper money changing hands. Bangladesh foreign exchange reserves quadrupled during his tenure. In March 2016, Rahman resigned from his post following the 2016 Bangladesh Bank heist.[22] Before the resignation was made public, Rahman stated that he would resign if it would benefit his country.[1] Two days after his resignation, he returned to his position as professor at the Department of Development Studies at the University of Dhaka.[2] Currently he is the 'Bangabandhu Professor' of University of Dhaka.

After his tenure as a governor, he rejoined the Department of Development Studies. The Dhaka University Syndicate appointed him as a 'Bangabandhu Chair' on 1 November 2019.[23] He serves as Chairperson of Unnayan Shamannay.

Publications

Rahman is a regular newspaper columnist who writes on poverty, public expenditure, economic development, public welfare, and other socio-economic issues. He had published 45 titles as of 2009, of which 16 are in English and 29 in Bengali. He writes books mainly socio-economic issues, for example, his recent publication about Rabindranath Tagore's socio-economic thoughts and research. Partial list:[24]

Bengali language

  • Nai Nai Voy, Hobe Hobe Joy, Panjeree, ISBN 978-984-634-297-0
  • Tabo Bhovone Tabo Bhovne: Anyaprokash, ISBN 978-984-502-211-8
  • Agami Diner Bangladesh: Ekusa sataker Unnayana Bhabana, Pathak Samabes, ISBN 984-8120-39-4
  • Alo andharer Bangladesh: Manab Unnayaner Sambhabana O Cyalenja, Mawla Bradarsa, ISBN 984-410-337-1
  • Apaunnayan: Samakalin Bangladesher Arthaniti, Samajniti, Pyapirasa, ISBN 984-8065-66-0
  • Asahajoger Dinguli: Muktijuddher Prastutiparba, Sahitya Prokash, ISBN 9844651530
  • Bangladesher Arek Nam: Bangabandhu Sheikh Mujib, Sahitya Prakash, OCLC 755121227
  • Bangladesher Unnayan Kon Pathe, Dipty Prokashony, ISBN 984-806-141-X
  • Bhasha Andolan Theke Muktijuddha: Atiur Rahmaner 7 Ti Grantha Pathaker Samikaran, Riddhi Prakash, ISBN 9843102835
  • Bhashar Larai Bachar Larai, Nawroz Kitab Maha
  • Bangobondhu Sohojpat, Chalochchitra O Prokashona Odhidoptor
  • Janaganer Bajet: Amsagrahanamulaka Pariprekshita, Pathaka Samabesa, ISBN 984-8120-28-9
  • Nirbachita Prabandha, Anyaprakash, ISBN 9848684239
  • Muktijuddher Manush: Muktijuddher Swapna,Sahitya Prakash, ISBN 984465128X
  • Susaner Sandhane Anyaprakas, ISBN 984-8682-36-8
  • Svapnera Bangladesh, Khunje Phera, Dipti Prakasani, ISBN 984-8061-28-2
  • Taba Bhubane Taba Vabane: Rabindranather Arthasamajik Vabana-bisayayak Racanasangkalan, Anyaprakash, ISBN 9789845022118
  • Unnayan alap: Arthaniti, Paribesa O Unnayana Bitarka, Pathaka Samabesa, ISBN 984-8120-49-1

English language

  • Beel Dakatia: The Environmental Consequences of a Development Disaster, University Press, ISBN 984-05-1258-7 (984-05-1258-7)
  • Early Impact of Grameen, a Multi-Dimensional Analysis: Outcome of a BIDS Research Study, Bangladesh Institute of Development Studies and Grameen Trust, ISBN 984-31-1416-7 (984-31-1416-7)
  • Education for Development: Lessons from East Asia for Bangladesh Institute of Southeast Asian Studies, ISBN 981-230-132-1 (981-230-132-1)
  • Peasants and Classes: A Study in Differentiation in Bangladesh Zed Books, Limited, ISBN 0-86232-346-0 (0-86232-346-0)
  • Peasants and Classes: A Study in Differentiation in Bangladesh: Hardcover, Zed Books, Limited, ISBN 0-86232-345-2 (0-86232-345-2)
  • People's Report, 2002–2003, Bangladesh Environment by United Nations Development Programme, Bangladesh, Unnayan Shamannay (Organization : Bangladesh) Unnayan Shamannay, ISBN 984-32-0866-8 (984-32-0866-8)
  • People's Report, 2004–2005: Bangladesh Environment by United Nations Development Programme, Bangladesh, Unnayan Shamannay (Organization : Bangladesh)
  • Sustainable Environment Management Programme (Bangladesh), Unnayan Shamannay, ISBN 984-32-3225-9 (984-32-3225-9)

Recognition

  • Central Banker of the Year (2015) from the Asia-Pacific region, in recognition of his achievement in supporting lending to farmers and small and medium-sized enterprises (SMEs) without compromising growth and macroeconomic stability, by the London-based Financial Times owned magazine, The Banker;
  • Central Bank Governor (2015), Asia by The Emerging Markets Newspaper (UK based financial newspaper of the Euromoney Group).[25][26][27][28]
  • Indira Gandhi Gold Plaque (2011)[32]
  • Atish Dipankar Gold Medal (2000)
  • Chandrabati Gold Medal (2008)[16]
  • Nepal's Prime Minister Sushil Koirala expressed his gratitude to Rahman for extending CSR support towards victims of the earthquake in Nepal on 7 June 2015.[33]
  • Dharitri Bangladesh National Award (1421, Bengali) on 30 December 2015[34]

Personal life

Rahman married Shahana Rahman, who is a professor of pediatrics at Bangabandhu Sheikh Mujib Medical University and they have three daughters.[37]

See also

References

  1. ^ a b "$101m heist: Atiur quits as governor of Bangladesh Bank governor Atiur resigns over $81 M heist". The Daily Star. 15 March 2016. Retrieved 15 March 2016.
  2. ^ a b c d "Atiur Rahman returns to Dhaka University". bdnews24.com. 16 March 2016. Retrieved 17 March 2016.
  3. ^ "Banker of the Poor". Daily Sun. 15 October 2015. Retrieved 15 March 2016.
  4. ^ "Atiur stresses auto payment system to accelerate dev". Daily Sun. 1 November 2015. Archived from the original on 23 October 2018. Retrieved 23 October 2018.
  5. ^ Harmachi, Abdur Rahim (6 January 2015). "Atiur Rahman Asia's Central Banker of the Year". bdnews24.com. Archived from the original on 6 January 2015.
  6. ^ Bahree, Megha (22 June 2016). "Former Bangladesh Bank Chief Blames Global System for Theft". The New York Times. Archived from the original on 25 June 2016.
  7. ^ Paul, Ruma (7 February 2018). "Bangladesh to sue Manila bank over $81-million heist". Reuters. Archived from the original on 16 October 2018.
  8. ^ a b c Rahman, Sajjadur (4 May 2009). "A humble beginning". The Daily Star. Retrieved 28 November 2012.
  9. ^ "Atiur Rahman". MIT Legatum Center. Archived from the original on 30 March 2016. Retrieved 20 March 2016.
  10. ^ Rahman, Atiur (1987). Peasants and Classes: A Study in Differentiation in Bangladesh. Zed Books. ISBN 978-0-86232-345-5.
  11. ^ "List of Research Staff Movement". Bangladesh Institute of Development Studies. Archived from the original on 4 August 2009.
  12. ^ a b "Dr. Atiur Rahman new Chairman of Janata Bank". The Independent. Dhaka. 2 July 2000. Archived from the original on 23 October 2012. Retrieved 14 July 2007 – via HighBeam Research. Dr. Atiur Rahman recently taken over as Chairman of the Board of Directors of Janata Bank … . A distinguished economist Dr. Atiur Rahman was a director of Sonali Bank prior to this assignment.
  13. ^ "Overview of the Bank". Sonali Bank. 2005. Archived from the original on 3 July 2007. Retrieved 14 July 2007. Sonali Bank, the largest & leading commercial bank of the country …
  14. ^ "Overview of the Bank". Janata Bank. Archived from the original on 30 June 2007. Retrieved 14 July 2007. Janata Bank, the second largest commercial bank in Bangladesh ...
  15. ^ "Local budget for health, education proposed". The Independent. Dhaka. 15 October 2003. Archived from the original on 23 October 2012. Retrieved 14 July 2007 – via HighBeam Research. Senior Research Fellow of BIDS Dr Atiur Rahman …
  16. ^ a b c "Profile of Dr Atiur Rahman". New Nation. 5 May 2009. Archived from the original on 10 September 2016. Retrieved 9 August 2016 – via HighBeam Research.
  17. ^ a b "Atiur Rahman made 10th BB governor". The Financial Express. Dhaka. 30 April 2009. Archived from the original on 6 September 2009. Retrieved 28 November 2012.
  18. ^ "Central Bank of Bangladesh". www.bangladesh-bank.org. Archived from the original on 26 August 2001. Retrieved 13 January 2022.
  19. ^ Caplen, Brian (20 February 2015). "Central banks take on development mantle". The Banker.
  20. ^ "BB boss sees growth spurt from ACH". bdnews24.com. 8 November 2009. Archived from the original on 23 October 2018. Retrieved 23 October 2018.
  21. ^ Irshad, Shahed (4 August 2015). আমি গরিবের ব্যাংকার, তবে ধনীদের আক্রান্ত করি না [I'm banker to the poor, the rich will not suffer]. Banglanews24.com (in Bengali). Archived from the original on 6 August 2015.
  22. ^ "Bangladesh bank boss Atiur Rahman quits over $100m cyber-fraud". BBC News. 15 March 2016. Retrieved 17 March 2016.
  23. ^ "University of Dhaka". www.du.ac.bd. Retrieved 8 August 2020.
  24. ^ "Atiur Rahman: used books, rare books and new books @ BookFinder.com".
  25. ^ "Atiur Rahman receives Asia's 'Central Banker of the Year' award". bdnews24.com.
  26. ^ "Central Bank Governor of the Year, Asia 2015".
  27. ^ এশিয়ার শ্রেষ্ঠ ব্যাংক গভর্নর ড. আতিউর রহমান [Asia's Best Bank governor said. Atiur Rahman]. Banglanews24.com (in Bengali). 10 October 2015. Archived from the original on 5 March 2016.
  28. ^ "Bangladesh Bank Home". Bangladesh Bank.
  29. ^ "British Parliament lauds Dr. Atiur Rahman for women empowerment". Atiur Rahman. Archived from the original on 4 March 2016.
  30. ^ "Gusi Peace Prize: Past Laureates".
  31. ^ "BB chief gets World No-Tobacco Day award". The Daily Star. 31 May 2012.
  32. ^ "Atiur receives Indira Gandhi Gold Plaque". The Daily Star. 8 May 2012.
  33. ^ ভূমিকম্পে সহায়তায় গভর্নরকে কৃতজ্ঞতা নেপাল প্রধানমন্ত্রীর. ArthoSuchak (in Bengali). 12 June 2015.
  34. ^ ধরিত্রীর সম্মাননা পাচ্ছেন আতিউর রহমান [Atiur Rahman Getting the Earth Award]. Banglanews24.com (in Bengali). 30 December 2015. Archived from the original on 25 March 2016.
  35. ^ বাংলা একাডেমি সাহিত্য পুরস্কার তুলে দিলেন প্রধানমন্ত্রী [The Prime Minister gave the Academy Award for Bengali literature]. Banglanews24.com (in Bengali). 1 February 2016. Archived from the original on 25 March 2016.
  36. ^ "Prof. Dr. Atiur Rahman appointed as 'Bangabandhu Chair' at DU". University of Dhaka.
  37. ^ "Dr. Atiur Rahman". Bangladesh Bank. Retrieved 6 November 2015.

External links

Political offices
Preceded by Governor of Bangladesh Bank
2009–2016 		Succeeded by