Thursday, November 24, 2016

Currency - Bangladesh - 500 Taka- Year 2015

Item code: 72



Year
2015
Obverse
·         Portrait of Bangabandhu Sheikh Mujibur Rahman (17 March 1920 – 15 August 1975), the Father of the Nation.
·         Jatiyo Sriti Soudho or National Martyrs' Memorial in Savar, designed by Syed Mainul Hossain.
Reverse
Agriculture in Bangladesh
Watermark
Portrait of Sheikh Mujibur Rahman; Bank of Bangladesh logo; Electrotype '500'. 
Signature
Atiur Rahman (Governor)


Obverse description:                           

Atiur Rahman (Governor)


Atiur Rahman (born 3 August 1951) is a Bangladeshi economist, writer and banker. He served as the 10th Governor of Bangladesh Bank, the central bank of Bangladesh. He has also been called "the banker of the poor" for his contribution in developing the Bangladeshi economy. On 15 March 2016, Rahman resigned as the governor of the central bank amid controversy over cyber heist of $100 million foreign reserve. 


Governor of the central bank: As governor of the Central Bank of Bangladesh, he took steps in developing his country's economy by developing programs such as a women entrepreneur's loan, a loan for landless farmer and special programs around Green Finance. Rahman worked to automate and digitize the banking sector of Bangladesh. 

In March 2016, Rahman resigned from his post amid the Bangladesh Bank money laundering case. He submitted his resignation letter to Prime Minister Sheikh Hasina on 15 March 2016. Fazle Kabir was selected as the new governor the same day. Before the resignation was made public, Rahman stated that he would resign for the sake of his country. He returned to his position at the University of Dhaka two days later. 


Award and recognitions: Rahman was awarded "Central Banker of the Year 2015" from the Asia-Pacific region for stimulating growth and stabilizing economy of Bangladesh, by the London-based Financial Times owned magazine, The Banker and also awarded as Central Bank Governor of the year 2015, Asia by The Emerging Markets Newspaper (UK based financial newspaper of the Euromoney Group). 

The British Parliament lauded Rahman for women empowerment on 8 March 2015. Meanwhile, the Banker, a subsidiary monthly of the Financial Times of London, published captioned news with highlighting BB Governor Rahman in People Column of its March 2015 issue under the title "Movers and Shakers". He is the only Bangladeshi who gets the title. 

In 2014, he received the GUSI Peace Prize International 2014 for his work in the field of economics focusing on the welfare of poor people. He has also been awarded the "World No-Tobacco Day Award 2012" by the World Health Organization (WHO). 

Rahman was also awarded the "Indira Gandhi Gold Plaque" in 2011, the Atish Dipankar Gold Medal in 2000 and the Chandrabati Gold Medal in 2008. 

Nepal's Prime Minister Sushil Koirala expressed his sincere gratitude to Rahman for extending CSR support towards victims of the disastrous earthquake in Nepal on 7 June 2015. 

Rahman received "Dharitri Bangladesh National Award", presented by Dharitri Bangladesh, for the Bengali Year 1421 on 30 December 2015. 

Rahman was awarded one of the most prestigious awards of Bangladesh, the Bangla Academy Award in 2016.





Reverse description                            

Agriculture in Bangladesh


Agriculture is the largest employment sector in Bangladesh. As of 2016, it employs 47% of the total labor force and comprises 16% of the country's GDP. The performance of this sector has an overwhelming impact on major macroeconomic objectives like employment generation, poverty alleviation, human resources development and food security.

A plurality of Bangladeshis earn their living from agriculture. Although rice and jute are the primary crops, wheat is assuming greater importance. Tea is grown in the northeast. Because of Bangladesh's fertile soil and normally ample water supply, rice can be grown and harvested three times a year in many areas. Due to a number of factors, Bangladesh's labor-intensive agriculture has achieved steady increases in food grain production despite the often unfavorable weather conditions. These include better flood control and irrigation, a generally more efficient use of fertilizers, and the establishment of better distribution and rural credit networks. With 35.8 million metric tons produced in 2000, rice is Bangladesh's principal crop. National sales of the classes of insecticide used on rice, including granular carbofuran, synthetic pyrethroids, and malathion exceeded 13,000 tons of formulated product in 2003. The insecticides not only represent an environmental threat, but are a significant expenditure to poor rice farmers. The Bangladesh Rice Research Institute is working with various NGOs and international organizations to reduce insecticide use in rice.



Bangladesh is the fourth largest rice producing country in the world. National sales of the classes of insecticide used on rice, including granular carbofuran, synthetic pyrethroids, and malathion exceeded 13,000 tons of formulated product in 2003. The insecticides not only represent an environmental threat, but are a significant expenditure to poor rice farmers. The Bangladesh Rice Research Institute is working with various NGOs and international organizations.

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