Regulatory Alerts2024-06-11
Added · Updated
DCM Circular Letter No. 03: Providing note detection services by the officials of scheduled banks to the cattle traders in "Qurbani haat" of 2024 for prevention of fake notes.
Scheduled banks operating in Bangladesh are required to provide free note verification and counting services to cattle traders and buyers at authorized Qurbani haats during Eid-ul-Adha 2024 to prevent the circulation of counterfeit notes. Banks must deploy experienced officials with note detection machines at designated haats in Dhaka North and South City Corporations, and their regional offices or main branches must assist Bangladesh Bank offices in other districts. For districts without Bangladesh Bank offices, Sonali Bank PLC's main branches will allocate responsibilities to other banks' district/upazila branches. Banks must follow procedures for handling counterfeit notes as outlined in a 2007 circular and submit a compliance report within 15 working days after Eid-ul-Adha.