Government is set to introduce new currency notes ahead of Eid-ul-Azha, with designs that emphasize national heritage rather than portraits. Bangladesh Bank Governor Dr. Ahsan H. Mansur confirmed the development on Saturday while inaugurating the country’s first credit enhancement scheme at the Palli Karma Sahayak Foundation (PKSF).
Speaking at the event, Governor Mansur stated that new 1000, 50, and 20 taka notes will enter circulation before Eid. He clarified that these notes will not feature the image of any individual, instead highlighting the nation’s historical landmarks and architectural heritage. “This is a move to focus on national identity and unity,” he remarked.
Sources at the Bangladesh Security Printing Press (the Mint) confirmed that the 20 taka notes are nearly complete and will be handed over to the central bank by next week. The printing of 50 and 1000 taka notes is currently underway and will be delivered in phases. Once received, Bangladesh Bank will determine the official release date.
The decision to redesign currency notes was taken in December 2024, following the formation of the interim government after the previous administration was ousted in a mass uprising in August. The Mint began printing the redesigned notes earlier this month. Due to limited capacity, the Mint can only print three denominations simultaneously, hence the phased release.
In addition to the currency update, Governor Mansur addressed ongoing efforts to repatriate laundered funds. “This is a political commitment of the interim government,” he said. “With the support of international reports, pressure has increased, and the first phase of fund recovery is already complete through the freezing of illegal accounts.”
He also detailed the newly launched credit enhancement scheme at PKSF, under which the foundation will provide bank loan guarantees to partner microfinance institutions (MFIs) through a reserve fund of 240 crore taka. A one-time 0.5 percent commission will apply for each guarantee. “This initiative will make it easier for small businesses to secure loans from formal financial institutions,” the Governor explained.
Five private banks and non-banking financial institutions signed on to the pilot program during the launch ceremony. Supported by the Asian Development Bank (ADB) and the interim government, the scheme is aimed at boosting access to finance for micro-entrepreneurs across Bangladesh.
Governor Mansur concluded by urging financial institutions to enhance financial literacy nationwide. “Every school should be partnered with a bank to educate students on basic financial skills,” he emphasized, calling for a long-term investment in national economic awareness.
Bd-pratidin English/ Jisan
