• Tuesday, Dec 10, 2019
  • Last Update : 10:17 pm

BB won't ban Tk 1,000, 500 notes

  • Published at 11:19 pm September 26th, 2019
web-Bangladesh bank-bb
The Bangladesh Bank building at Motijheel Mehedi Hasan/ Dhaka Tribune

The central bank in a circular issued yesterday has called on the people  not to be confused by the propaganda that Tk1,000, and 500 notes will be banned, and withdrawn from the market

Bangladesh Bank (BB) will not ban denominations of Tk1, 000, and 500.

The central bank in a circular issued yesterday has called on the people  not to be confused by the propaganda that Tk1,000, and 500 notes will be banned, and withdrawn from the market.

"Neither the BB has taken any such decision, nor has the government issued any directive in this regard," said the BB.

According to the 1972 BB Order, the central bank is the sole authority to issue, and ban any notes of any denomination.

The BB also urged the print, and electronic media not to publish or broadcast any propaganda relating to banning of taka 1,000, and 500 notes.

Such propaganda goes against the law, it says.