For the first time, Tk 1000-denomination currency note will hit the country's money market from Monday next to meet the growing demand of the currency in the market.
"The highest denomination bank note will be released from the central bank's Motijheel office on Monday and later from all offices of the Bangladesh Bank (BB) gradually," BB Executive Director Khandakar Muzharul Haque told reporters at a press conference Thursday.
He also said the central bank will issue 200 million pieces of Tk 1000-denomination bank note initially.
"Currency in circulation almost doubled in the last ten years," Muzharul Haque said while explaining the need for issuing the note of highest denomination.
There is no plan to introduce Tk 5000 denomination bank note at present, he said while replying to a query. He also said no country in the world could assure that their notes would not be faked.
"We've tried our best to ensure security of the highest denomination bank note," the BB executive noted.
The notes have been printed by the Security Printing Corporation (Bangladesh) Limited, a subsidiary organisation of the central bank.
The note is a little larger in size than other notes in circulation while the colour is reddish-violet. Besides many other security features of the note, signed by BB Governor Salehuddin Ahmed, it bears pictures of Shaheed Minar on the front and Curzon Hall of Dhaka University on the back.
The cause of blind people was also considered in minting the new note as they would easily feel five circles printed on the right side of the note after touching the currency note, officials said.
Managing Director of the Security Printing Corporation (Bangladesh) Limited Abdullah Al Mamoon and senior officials were also present at the press conference.
Each of the notes cost Tk 3-4 for printing, Mamoon said while replying to a query, adding long-life paper has been used in making such bank notes.
Most of the countries in South Asia including India, Pakistan and Sri Lanka have already issued such currency notes.
Source: The Financial Express
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