Regulatory Alerts2026-04-12
DCM Circular No. 01: Regarding payment of mutilated/torn and soiled notes
Bangladesh Bank’s Department of Currency Management has issued DCM Circular No. 01/2026 mandating all scheduled banks to routinely accept and exchange torn, mutilated, and soiled notes, with a specific focus on lower denominations (Tk 5, 10, 20, and 50), at dedicated counters. This directive enforces the Clean Note Policy to remove excess damaged currency from circulation and maintain smooth public cash transactions. Any bank branch found reluctant to provide this service will face immediate regulatory action under Section 45 of the Bank Company Act, 1991.
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