Regulatory Alerts2024-11-18
Added
DCM Circular Letter No. 04: Regarding exchange and storing of coins by scheduled banks
The Department of Currency Management of Bangladesh Bank instructs all scheduled banks to ensure the availability of 1, 2, and 5 Taka coins for public transactions. The circular mandates specific minimum storage quantities based on branch type: 24,000 pieces each of 1 and 2 Taka and 15,000 pieces of 5 Taka for local offices and feeding branches; 8,000 pieces each of 1 and 2 Taka and 5,000 pieces of 5 Taka for other branches; and 2,000 pieces each of 1 and 2 Taka and 1,000 pieces of 5 Taka for sub-branches. Banks must replenish stock from their own feeding branches or nearby Bangladesh Bank offices when holdings fall below these minimums.
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