Bangladesh Banknotes Redesign May Omit Sheikh Mujib’s Image

Economic Tag: Central Bank, Govt.

Bangladesh’s Ministry of Finance has initiated a redesign of all banknotes, leading to speculation about the removal of Sheikh Mujibur Rahman’s image from currency. In a recent letter, the ministry requested proposals from the Bangladesh Bank for new designs, suggesting that keeping Mujib’s image might not be a priority. Currently, his portrait appears on all paper denominations, symbolizing national identity since independence. The redesign process, expected to take 20 to 22 months, involves the creation of four design options for each note, which will be reviewed and approved by various committees before production. Historically, Mujib’s image has been included and removed from currency under different governments, with the Awami League reinstating it in recent years. As the central bank navigates this redesign, the future of Mujib’s image remains uncertain, reflecting broader political changes in the country.

 

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