The removal of Bangladesh Bank Governor Ahsan H Mansur, widely credited with steadying an economy that was on the brink of potential collapse, has been described by many as nothing short of a blunder by the new government. Of course, any government has the legal authority to appoint or remove a governor in pursuit of its economic agenda. Yet two aspects of this episode have shocked observers. First, the manner of Mansur’s departure, marked by public humiliation rather than a well-earned vote of thanks. Second, the appointment of a businessman burdened by apparent conflicts of interest and lacking expertise in banking and macroeconomic management. This mishandling of central bank leadership by the Bangladesh Nationalist Party (BNP) government warrants close scrutiny. However, responsibility does not rest with the current administration alone. The immediate past interim government also bears some blame. A draft law granting operational autonomy to Bangladesh Bank remained with...