Stop notes loops make banks and public struggle
Officials at the Bangladesh Bank spoke on condition of anonymity, confirming that no new notes were provided to commercial banks in recent weeks. This breaks the long tradition of issuing new notes ahead of holidays and major deals.
“Print notes from various denominations using paper and ink tax. Millions of notes, the photos of Bangabandhu are still on the vaults of various banks. Security printing companies do not have the ability to cancel all notes immediately and print out new notes. Therefore, notes related to Bangabandhu’s pictures cannot be cancelled. Company.
Dirty, torn notes are still in circulation
This move has put significant pressure on daily cash transactions. Stores, banks and customer reports are difficult to deal with old, torn and worn notes because no alternatives are issued.
Ziauddin Ahmed recommends a phased approach to addressing the problem.
“When new design notes come to the market, old statements should be gradually withdrawn. Usually, printed notes can last up to four to five years,” he said.
New design notes are expected to be quick
According to sources from Bangladesh Bank, the security printing company plans to print new design notes starting next month. In the first phase, notes of Taka 20, 50 and 1,000 will be introduced into circulation through the bank.
The shortage of fresh notes first surfaced after political changes last August. Since then, the Bangladesh Bank has retained all currencies (including coins), including the image of Sheikh Mujibur Rahman.
