Regulatory Alerts2015-09-07
Added · Updated
DCM Circular No. 08: Receiving of notes and coins by scheduled banks irrespective of their denominated value and giving exchange value of torn up notes as per rules
The Department of Currency Management directs all scheduled banks in Bangladesh to accept all types of banknotes from the public regardless of denomination and to provide exchange value for torn or dirty notes in accordance with regulations. Banks are also required to accept and distribute metallic coins to the public to ensure normal economic transactions continue without hindrance. Failure to comply with these instructions will result in penal action against the respective banks, and the directive is effective immediately.