Dhaka: The Bangladesh Bank (BB) has issued a comprehensive public advisory in response to recent reports concerning the intrusion of a huge quantity of counterfeit notes into the country. To this end, the central bank today issued a circular urging the public to exercise greater caution during cash transactions and adhere to guidelines designed to prevent the use of fake currency.
According to Bangladesh Sangbad Sangstha, the circular advises individuals to properly verify all security characteristics when receiving notes. These features include the watermark, security thread, intaglio printing (uneven printing), color-changing ink (where applicable), and micro-text. BB has also urged people to use banking channels during large financial dealings.
The central bank recommends utilizing digital methods for cash transactions whenever feasible. If a suspicious note is identified, or if any related information is known, individuals must immediately contact the nearest law enforcement agency directly or use the National Emergency Service 999.
BB has also emphasized the importance of recognizing authentic currency, urging the public to “Know the Real Note – Ensure Safe Transactions.” Resources for identifying genuine notes are readily available, and information regarding the features of authentic notes can be accessed by visiting the official website: https://www.bb.org.bd/en/index.php/currency/note. Additionally, X-banners or posters detailing the characteristics of authentic notes are prominently displayed at every bank branch.
The advisory follows a recent report circulated across various platforms, including daily newspapers, Facebook, and other social media outlets. The central bank acknowledged that such information may potentially cause anxiety and confusion among the general public.
Authorities have strongly emphasized that under Bangladesh’s prevailing law, the manufacturing, possessing, and transacting of counterfeit notes is completely illegal and constitutes a punishable offense. The Bangladesh Bank and associated law enforcement agencies are fully aware of the spread and detrimental effects of fake currency and have confirmed that they are actively engaged in taking regular and effective measures to prevent the circulation of counterfeit money.