Banks to detect fake notes at cattle markets

Staff Correspondent

9 July, 2021 12:00 AM printer

As the Eid-ul-Azha approaches, Bangladesh Bank has directed the scheduled banks to operate fake currency notes detection services at the cattle markets.

Experienced cash officers should be assigned to prevent the entry of fake notes at the sacrificial animals’ markets in Dhaka and other parts of the country, the central bank said.

The commercial banks will provide the service at free of cost following all the health guidelines during the COVID-19 pandemic.

Bangladesh Bank said a group of people are active across the country including the capital Dhaka to bring fake notes into the cattle market during the upcoming holy Eid-ul-Azha.

The banks should provide fake currency notes detection service in the sacrificial animal markets in Dhaka, other city corporation areas, and district and upazila sadars, the central bank said.

The BB asked the commercial banks to assign dedicated officers in this regard and coordinate with the branches of the central bank outside Dhaka to set up fake notes detecting booths.

In absence of any central bank branch, the banks have instructed to conduct the operation through Sonali Bank, the circular said.

The central bank also said the banks would have to contact with the local authorities including city corporations, district offices, municipalities and the law enforcing agencies to ensure smooth transaction.

The bank booths must feature the identification marks of the fake notes of taka 100, taka 500, and taka 1000 denominations.

If any fake notes are found, people circulating such notes should be handed over to police, the directive said.

Bangladesh Bank has also instructed seven banks to provide fake currency detection services by setting up booths with note detection machines at 10 cattle markets of Dhaka North City Corporation.

Agrani Bank and IFIC Bank will provide fake currency notes detection service at Mirpur Gabtoli cattle market, Bangladesh Krishi Bank at Badda Eastern Housing area cattle market, City Bank at Mirpur-6 Eastern Housing area cattle market and Sonali Bank at Uttara sector-17 cattle market, it said.

Islami Bank will provide services at Kaowla, Dutch-Bangla Bank at Dumni Bazar, Janata Bank at Bhatara, Rupali Bank at Uttarkhan and Premier Bank at Muhammadpur Bosila and 40 feet road adjacent cattle market. Al-Arafah Bank will operate the services at DNCC’s ward no: 43 cattle market and also in the areas adjacent to 300-feet road.

In the Dhaka South City Corporation areas, 10 banks will provide counterfeit note detection services.

They include BRAC Bank at north Shajahanpur, Exim Bank at Hazaribag, Shahjalal Islami Bank at Postogola, First Security Islami Bank at Meradia Bazar, National Credit and Commerce Bank (NCC) at Jatrabari, National Bank Ltd at Dhupkhola, Social Islami Bank Ltd at Dholai Khal, Pubali Bank Ltd at Aftabnagar section 1 and 2 yards, Southeast Bank Ltd at Golapbag DSCC market areas and Mercantile Bank Ltd at Rahmatganj playground.

They will set up fake currency notes detection machines at the sacrificial cattle market in the areas.

 


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