Regulatory Alerts2022-03-30
Added
DCM Circular Letter No. 01: Instruction to be followed by scheduled banks for preventing fake note circulation during the month of holy Ramadan/2022
The Department of Currency Management of Bangladesh Bank instructs all scheduled banks operating in Bangladesh to prevent counterfeit currency circulation during Ramadan 2022 by displaying security feature videos at specified public locations and bank branch monitors, and by mandatorily checking notes with counterfeit detectors during receipt, issuance, and ATM feeding. Banks must submit a brief compliance report to the department within 10 working days following the end of the Ramadan month. The circular provides a detailed schedule assigning specific dates and locations for video screenings to 58 named banks.
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