An overview of human resource management practices in Bangladesh bank & foreign exchange transactions in Bangladesh: the role of foreign exchange policy department of Bangladesh bank

Abstract

Central banking activities are always crucial for a country as it formulates the monetary policy of an economy. In addition, it creates the mechanism for imports, exports and remittances of a country. Furthermore, it supervises and controls money market of an economy. Most of the contributive important functions of a central bank are performed by Foreign Exchange Policy Department. Foreign Exchange Policy Department of Bangladesh Bank is responsible for formulating and implementing policies associated with foreign exchange transactions. In order to do that, it supervises and monitors all the banks which are authorized to manage foreign exchange transactions. Central Banking functions are important because it directly controls the economy. But understanding how its employees are utilized as assets of the organization is also important since officials perform the tasks to deal with the external world. The report includes core functions of Bangladesh Bank which are done by Foreign Exchange Policy Department. Moreover, it contains information on how Foreign Exchange Policy Department controls the Foreign Exchange Market. However, the report also explains the human resource practices of Bangladesh Bank and its contribution to manage human as resources throughout the entire organization. The report entitled “An overview on Human Resource Management Practices in Bangladesh Bank & Foreign Exchange Transactions in Bangladesh: The Role of Foreign Exchange Policy Department of Bangladesh Bank” contains information on both Human Resources Department and Foreign Exchange Policy Department of Bangladesh Bank. The brief explanation of the tasks I was assigned to do as an intern is given in the report. Lastly, some of my findings and recommendations for both departments are mentioned