New currency notes from July 7

01 July 2014 Kazi Zahidul Hasan

Bangladesh Bank (BB) will release new currency notes worth Tk 22,000 crore in the market ahead of the Eid-ul-Fitr, central bank officials said.
The new notes will be distributed from the central bank's Dhaka and other offices during 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," a senior BB official told The New Nation yesterday.
He said: A stock of Tk 22,000 crore of fresh notes has been made for release through the banking channel. The designated branches of the commercial banks will start distributing new currency notes from July 7.  
Other than Motijheel and Sadarghat branches of the BB, the new notes will be exchanged with the old ones from 19 branches of different commercial banks throughout the capital, according to the BB official.
 "Outside Dhaka, people will be able to exchange old notes with new ones from different branches of BB and commercial banks," he said.
A person can get maximum Tk 4,500 upto the 15th Ramzan and Tk 5,500 during the remaining 15 days of the fasting month. The fingers of people will be marked with indelible ink to prevent them from taking additional amount of money.
The branches of the commercial banks in the capital to 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 Branch of Prime Bank, Sadarghat Branch of Pubali Bank, Jatrabari Branch of National Bank, Shaymoli Branch of Islami Bank, Banani Branch of Mercantile Bank, Karwan Bazar Branch of South East Bank, Basundhara City Market Branch of SIBL, Chalkbazar Branch of Uttara Bank, Basabo 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 Dhakkinkhan 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 asked all commercial banks and branches of the BB to keep alert on this issue.
 "This year too, we have taken special measures to check spread of fake notes centering Eid," another senior BB official said.
Central bank releases new notes ahead of each festival considering demand for money, he said.
The central bank has already sent letters to law enforcement agencies with request to cooperate with the bank to this end.
 "We have also asked all commercial institutions to install fake-note tracing machine and CCTV," he said.

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