Tk 140bn new notes to be released before Eid

Staff correspondent

4 May, 2021 12:00 AM printer

Bangladesh Bank will release new currency notes worth Tk140 billion in the market ahead of Eid-ul-Fitr.

The new currency notes would include Tk 10, Tk 20, Tk 50, Tk 100, Tk 200 and Tk 500, BB officials said.

The central bank will release this money gradually through different commercial banks.

Among the new notes, about Tk 40 billion has already been distributed to different banks in April, an official of BB currency department said on Monday. 

On the basis of requirement of banks the central bank will release the new currency notes, sources said.

The BB official, however, said that the release of new bank notes would not result in an increased money circulation and would not impact inflation.

He said that the central bank would withdraw the same amount of old currency notes from the market as it does every year.