, Feb. 25 -- The government has initiated the process to remove Bangladesh Bank Governor Ahsan H Mansur and appoint a new chief of the central bank, according to officials at the Ministry of Finance.

They said a proposal has already been sent to the Prime Minister's Office seeking approval for the appointment of a new governor.

According to the sources, a faculty member from a US university is being considered for the post.

The proposal is currently awaiting the final clearance, and the officials indicated that the appointment could be finalised later in the day once the formalities are completed.

Meanwhile, Financial Institutions Division Secretary Nazma Mobarek met the Finance Minister at his office at around 1:45pm, fuelling the sp...