Kazi Zahidul Hasan :
Bangladesh Bank (BB) has asked all the scheduled banks to take extra cautionary measure about the counterfeit bank notes, as dozens of fake currency note-makers are desperate to circulate these notes in the market taking advantage of rush in money transaction ahead of Eid-ul-Azha.
It also asked the banks to set up booths with adequate number of fake note identification machines at the city’s cattle markets to identify and prevent fake notes in circulation there.
Detectives Detective Branch (DB) of Police arrested eight members of a gang involved in making and circulating fake currency notes from different parts of Dhaka on Friday.
They also seized fake notes worth Tk 52 lakh
along with equipments used for making those from their possession. “We have directed the banks and law enforcement agencies to take extra cautionary measure to prevent the influx of fake currency notes in the market ahead of Eid,” BB spokesman Subhankar Saha told The New Nation on Friday.
He said banks have also been asked to provide logistic support to the law enforcement agencies and set up booths at the city’s cattle markets to identify counterfeit banknotes and prevent their circulation.
“The cattle trade involves exchange of large amount of money. So, fraudsters might be hanging around there to cheat the people. They have been advised to take help of police in the cattle markers if confusion is raised about currency forgery,” Saha added.
“We have also urged the trade bodies to monitor different markets in the city using available machines to identify fake notes. Besides, BB has started publishing advertisements with the picture of real notes in the newspapers so that people are not cheated by the currency counterfeiters,” he noted.
The central bank also asked the banks to detect the false currency notes before feeding their automated teller machines with currency notes.
Earlier, the intelligence agencies said that dozens of fake currency note making have become active in the capital to circulate fake notes through their agents ahead the Eid festival.
They said the fraudsters are active all through the capital to conduct the illegal business in crowded places like shopping malls and cattle markets. They could even manage to reach the banks trading the fake notes with the genuine ones.
Bangladesh Bank (BB) has asked all the scheduled banks to take extra cautionary measure about the counterfeit bank notes, as dozens of fake currency note-makers are desperate to circulate these notes in the market taking advantage of rush in money transaction ahead of Eid-ul-Azha.
It also asked the banks to set up booths with adequate number of fake note identification machines at the city’s cattle markets to identify and prevent fake notes in circulation there.
Detectives Detective Branch (DB) of Police arrested eight members of a gang involved in making and circulating fake currency notes from different parts of Dhaka on Friday.
They also seized fake notes worth Tk 52 lakh
along with equipments used for making those from their possession. “We have directed the banks and law enforcement agencies to take extra cautionary measure to prevent the influx of fake currency notes in the market ahead of Eid,” BB spokesman Subhankar Saha told The New Nation on Friday.
He said banks have also been asked to provide logistic support to the law enforcement agencies and set up booths at the city’s cattle markets to identify counterfeit banknotes and prevent their circulation.
“The cattle trade involves exchange of large amount of money. So, fraudsters might be hanging around there to cheat the people. They have been advised to take help of police in the cattle markers if confusion is raised about currency forgery,” Saha added.
“We have also urged the trade bodies to monitor different markets in the city using available machines to identify fake notes. Besides, BB has started publishing advertisements with the picture of real notes in the newspapers so that people are not cheated by the currency counterfeiters,” he noted.
The central bank also asked the banks to detect the false currency notes before feeding their automated teller machines with currency notes.
Earlier, the intelligence agencies said that dozens of fake currency note making have become active in the capital to circulate fake notes through their agents ahead the Eid festival.
They said the fraudsters are active all through the capital to conduct the illegal business in crowded places like shopping malls and cattle markets. They could even manage to reach the banks trading the fake notes with the genuine ones.
