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21 October, 2021

Describe the role of Bangladesh Bank in developing the financial system of our country

 B.Bank performs all the functions that a central bank of any country is expected to perform, and such

functions  include  maintaining  the  price  stability  through  economic  and  monetary  policy  measures, managing the country‘s  foreign exchange and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government‘s banker and the bankers bank, a Lender of the Last Resort‖. Bangladesh Bank, like most of the central banks of different countries, exercises monopoly over the issue of  currency and the  banknotes. Except for the 1 and 2 taka notes, it issues all other denominations of Bangladeshi  Taka.Credit control, Clearing House, Control Money Market, Job creation,Agricultural development, Industrial development,and Natural resources development are also the functions of Bangladesh Bank.