Dhaka, Feb. 25 -- Bangladesh has appointed garment industry entrepreneur Md Mostaqur Rahman as governor of Bangladesh Bank, an unusual political and institutional departure for a post historically held by central bankers, economists or senior civil servants.

The surprise shift comes at a moment when the banking system remains under intense pressure to restore credibility, discipline, and depositor confidence.

The finance ministry announced on Wednesday that Mostaqur, 59, will serve a four-year term from the date he assumes office, subject to severing all professional ties with other institutions and organisations.

His sudden elevation, replacing economist Ahsan H Mansur installed during the interim administration after the 2024 politic...