Fresh currency notes ‘very costly’ outside ahead of Eid as banks withhold supply - News Summed Up

Fresh currency notes ‘very costly’ outside ahead of Eid as banks withhold supply


Rumours suggest fresh notes are withheld this year due to objections over Sheikh Mujibur Rahman’s imageThe price of fresh currency has surged ahead of Eid-ul-Fitr as banks have halted distribution. Buyers are now forced to pay a premium of up to Tk 480 for the equivalent of Tk 1,000 in fresh notes. On Feb 16, Bangladesh Bank announced that 80 branches of commercial banks, alongside the central bank, would exchange new banknotes. It ordered banks to keep the fresh notes stored and continue all cash transactions using recirculated currency. This year, a bundle of Tk 20 notes (Tk 2,000) costs an additional Tk 500, while for a bundle of Tk 100 notes (Tk 10,000), an extra Tk 300 is being charged.


Source: bd News24 March 26, 2025 20:11 UTC



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