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Central bank is not scrapping red Tk1,000 notes

by Analysis Team
May 12, 2022
in Bank
0
Small enterprises face significant difficulties repaying stimulus loans

The Bangladesh Bank refuted reports that red-colored Tk1,000 notes might be phased out as “rumours” on Wednesday. The central bank noted in a news release that no one should believe rumors on social media sites like Facebook regarding red Tk1,000 notes becoming invalid.

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Earlier this month, there was chatter on Facebook about the note becoming obsolete after May 30th, which was picked up by a few media outlets.

Soon after, the Bangladesh Bank published a press release signed by GM Abul Kalam Azad, general manager of the bank’s communications and publications department.

 

 

 

Sources for more details:

Dhaka Tribune

Jagonews24.com

Analysis Team
Author: Analysis Team

Tags: 000 notesBangladesh BankBankFinancialIndustry Insightred Tk1scrapping
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