BB to close counters for selling new notes, exchanging torn onesStaff Correspondent
The Bangladesh Bank has decided not to sell new notes of currencies or exchange old and torn notes from its counters from May 2.
The central bank in a statement on Tuesday said people would be able to buy new notes and exchange their torn currency notes and mutilated coins for new ones at over 8,000 branches of all 47 scheduled banks from May 2.
The BB said that the decision to close down the central bank counters was taken for tightening the security of the BB, which is one of the key point installation institutions of the country.
Besides, the measure has been taken so that the people across the country could fulfil their business related demand by exchanging their torn currency notes and mutilated coins for new ones and buying new notes from the banks from their respective area, said the BB.
As part of the move, the central bank will provide the scheduled banks with new currency notes and coins.
The central bank will monitor the exchanging process by the scheduled banks, the statement added.
Clients usually line up before the Bangladesh Bank counters to exchange torn notes as there as allegations that the commercial banks show reluctance in exchanging the torn notes.
Hundreds of people also gather in the central bank to collect new notes before Eid-ul-Fitr and Eid-ul-Azha.
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