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]
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]
Taba Bhubane Taba Vabane: Rabindranather Arthasamajik Vabana-bisayayak Racanasangkalan, Anyaprakash, ISBN9789845022118
Unnayan alap: Arthaniti, Paribesa O Unnayana Bitarka, Pathaka Samabesa, ISBN984-8120-49-1
English language
Beel Dakatia: The Environmental Consequences of a Development Disaster, University Press, ISBN984-05-1258-7 (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, ISBN984-31-1416-7 (984-31-1416-7)
Education for Development: Lessons from East Asia for Bangladesh Institute of Southeast Asian Studies, ISBN981-230-132-1 (981-230-132-1)
Peasants and Classes: A Study in Differentiation in Bangladesh Zed Books, Limited, ISBN0-86232-346-0 (0-86232-346-0)
Peasants and Classes: A Study in Differentiation in Bangladesh: Hardcover, Zed Books, Limited, ISBN0-86232-345-2 (0-86232-345-2)
People's Report, 2002–2003, Bangladesh Environment by United Nations Development Programme, Bangladesh, Unnayan Shamannay (Organization : Bangladesh) Unnayan Shamannay, ISBN984-32-0866-8 (984-32-0866-8)
People's Report, 2004–2005: Bangladesh Environment by United Nations Development Programme, Bangladesh, Unnayan Shamannay (Organization : Bangladesh)
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]
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]
^ ab"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.
^"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 ...
