Section 7ASection 7A

s. 7A

7A [The main functions of the Bank shall be: (a) to formulate and implement monetary policy; (b) to formulate and implement intervention policies in the foreign exchange market; (c) to give advice to the Government on the interaction of monetary policy with fiscal and exchange rate policy, on the impact of various policy measures on the economy and to propose legislative measures it considers necessary or appropriate to attain its objectives and perform its functions; (d) to hold and manage the official foreign reserves of Bangladesh; (e) to promote, regulate and ensure a secure and efficient payment system, including the issue of bank notes; (f) to regulate and supervise banking companies and financial institutions.]

1. 9. Article 7A was inserted by section 4 of the Bangladesh Bank (Amendment) Act, 2003 (Act No. IX of 2003)