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A central bank, reserve bank, or monetary authority is a banking institution granted the exclusive privilege to lend a government its currency. Like a normal commercial bank, a central bank charges interest on the loans made to borrowers, primarily the government of whichever country the bank exists for, and to other commercial banks, typically as a ‘lender of last resort’. However, a central bank is distinguished from a normal commercial bank because it has the monopoly on creating the currency of a nation, which is loaned to the government in the form of legal tender. It is a bank that can lend money to other banks in times of need. Its primary function is to provide the nation’s Money Supply, but more active duties include controlling subsidized-LoanInterest Rates, and acting as a lender of last resort to the Banking Sector during times of financial crisis (private banks often being integral to the national financial system). It may also have supervisory powers, to ensure that banks and other financial institutions do not behave recklessly or fraudulently.
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Position Name: Assistant Director (Engineer-Civil) of Bangladesh Bank
Number of Posts: 19
Educational Qualification: Graduate in Civil Engineering from any Govt. approved university or A.M.I.E (A&B Section passed) with at-least two first division/class. Third division/class in any examination is not allowed.
Salary Scale: Under National Pay Scale 2015, BDT 22,000-53,060
Application Deadline: 07 January 2021
See the advertisement below for details about the application process.