The Daily Star, 30 July 2012
Bangladesh Bank (BB) has asked its branch offices and all commercial banks to be cautious against fake notes, especially ahead of Eid.
The central bank has also sought cooperation from the law enforcement agencies in this regard. Besides, fake-note resistance committees comprising representatives from banks, police and local administration have been asked to remain alert at district level.
The central bank fears that forgers will try to release fake notes ahead of Eid as cash transactions increase significantly.
“The commercial banks have been cautioned to thwart the entry of fake notes in the banking system,” Ashim Kumar Dasgupta, BB executive director, said yesterday.
The banks have been instructed to ensure the use of modern fake-note detecting machine at all their branches. “We want to eliminate fake notes from the market completely. The fake note resistance committees have been made more active,” he added.
According to the BB, the central bank releases a huge amount of new notes of different denomination against torn or soiled notes or as per demand, especially ahead of Eid every year. Forgers try to take advantage of the situation and slip fake notes into the system.
Bangladesh Economy 
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