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TL;DR
- Bangladesh plans to change 5, 10, and 20 taka notes due to their fragility.
- Trade advisor Dr. Salehuddin Ahmed announced the phased change on September 2, 2024.
- A high-level meeting will review the 2024-25 fiscal budget and ADP projects.
- The public is advised to handle the current fragile notes with care.
Dr. Salehuddin Ahmed, a trade advisor, revealed that Bangladesh plans to gradually replace its 5, 10, and 20 taka banknotes due to their deteriorating condition. Speaking to reporters at the Ministry of Commerce on Monday, September 2, Dr. Ahmed emphasized the fragile state of these notes and urged the public to handle them with care.
The decision to replace these notes comes as part of a broader initiative to maintain the integrity and usability of the country’s currency. The advisor indicated that a meeting might be scheduled either later this month or next month to discuss revisions to the budget for the current 2024-25 financial year. This meeting will also review projects under the Annual Development Program (ADP), which is a key component of the national budget.
This move aligns with the government’s ongoing efforts to ensure the financial system’s efficiency and reliability. The replacement of worn-out currency is a routine measure aimed at sustaining the quality of banknotes in circulation, thus facilitating smoother transactions for the public.
While the exact timeline for the replacement process was not specified, the phased approach suggests a careful and systematic plan to introduce new notes while minimizing disruption to daily transactions. The public is advised to stay informed about further announcements regarding the exchange process to ensure a seamless transition.
Source: dhakatribune
