New notes worth Taka 25,000cr from Sept 17

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Staff Reporter :
Bangladesh Bank (BB) will release new currency notes worth Tk 25,000 crore in the market ahead of Eid-ul-Azha, central bank officials said.
BB’s Dhaka and other regional offices will distribute the new notes from September 17. It will continue till the last working day before Eid. BB will open four special counters in its Motijheel office. Besides, people will also be able to collect the new notes from 20 branches of 19 commercial banks in the capital. “The central bank has been doing it every year considering high demand for new notes during different religious festivals, especially on the occasion of Eid,” Naznin Sultana, Deputy Governor of BB told this in a Media briefing held at the central bank’s headquarters in the capital on Tuesday. She said: We have readied a stock of Tk 25,000 crore of fresh notes for release through the banking channel. BB’s designated offices and branches of the commercial banks will start distributing new currency notes from September 17.
BB will exchange new notes for the old ones in its Motijheel and Sadarghat branches. Besides, 19 branches of different commercial banks will also distribute new notes throughout the capital.
“Outside Dhaka, people can exchange old notes for new ones from different branches of BB and commercial banks,” she said. The branches of the commercial banks in the capital will distribute new notes are: Ramna Branch of Sonali Bank, Abdul Gani Road Branch of Janata Bank, Elephant Road Branch of Agrani Bank, Mohakhali Branch of Rupali Bank, Malibagh and Mirpur Branches of Prime Bank, Sadarghat Branch of Pubali Bank, Jatrabari Branch of National Bank, Shyamoli Branch of Islami Bank, Banani Branch of Mercantile Bank, Karwan Bazar Branch of South East Bank, Basundhara City Market Branch of SIBL, Chawkbazar Branch of Uttara Bank, Bashabo Branch of One Bank, Gulshan Branch of IFIC Bank, Mohammadpur Branch of First Security Bank, Dhanmondi Branch of Bank Asia, Uttara Branch of Dhaka Bank and Dhakkhinkhan SME Branch of Dutch-Bangla Bank. Meanwhile, the central bank has taken a number of cautionary measures to check the spread of fake notes in markets centering the upcoming Eid. As part of the measures, the central bank has distributed 450 fake note identification machines to the law-enforcing agencies and commercial banks.
The law-enforcing agencies have been asked to set up fake note identification machines in the city’s cattle markets.

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