The lack of policy support by the central bank and its failure to control transactions using coins are attributed to the cause of their disappearance from the retail markets. Cashing in on the limit, some vested interests are collecting coins from the market and pouring them into the central bank’s stock. The central bank is often subjected to the pressure or influence of MoF, added the source. Dr Salehuddin Ahmed, former governor of Bangladesh Bank, said the central bank has failed to execute its existing policy on the use of coins. Not only this, Bangladesh Bank has also been unable to take up proper strategy to circulate coins in the market.

Source: Dhaka Tribune July 17, 2017 04:07 UTC