Regulatory Alerts2023-07-24
Added
DCM Circular No. 3: Clean Note Policy of Bangladesh Bank
The Department of Currency Management of Bangladesh Bank establishes the Clean Note Policy to ensure the circulation of clean banknotes by withdrawing soiled, torn, fire-damaged, damp, rusty, heavily inked, signed, mutilated, or unfit notes from the market. The policy defines four categories of notes—re-circulable, unfit, defective, and claimable—and mandates that only re-circulable notes be treated as clean notes for circulation or storage. It requires scheduled banks to implement note sorting, replace withdrawn notes with clean ones, and adhere to specific sorting, packaging, and handling instructions to enhance note durability and public awareness.
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