Bangladesh Bank has expressed concern over the spread of news on social media claiming that a large volume of counterfeit currency is circulating in the country. The central bank stated that such misleading information can create confusion and unrest among the public.
This information was shared in a press release issued by the Communications and Publications Department of Bangladesh Bank on Wednesday, October 15.
The press release stated that the production, distribution, and transaction of counterfeit currency is completely illegal and a punishable offense. Bangladesh Bank, along with law enforcement agencies, is on high alert to prevent the circulation of fake currency and is regularly taking effective measures.
To help identify and prevent counterfeit currency, Bangladesh Bank advised the public to remain vigilant and follow four key steps:
- Verify security features such as watermark, security thread, raised print, color-shifting ink, and microtext when accepting banknotes.
- Conduct large transactions through banking channels.
- Use digital payment methods as much as possible for cash transactions.
- Immediately inform law enforcement or call the national emergency number 999 if a suspicious or counterfeit note is found or if there is any information related to fake currency.
Bangladesh Bank also mentioned that regular awareness campaigns are being conducted under the slogan:
“Identify genuine notes, ensure safe transactions.”
The central regulatory body also encouraged people to visit the Bangladesh Bank website to learn more about the security features of genuine currency notes.
