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The Financial Express

BB asks banks to provide note counting services at cattle markets

| Updated: July 15, 2021 12:13:40


BB asks banks to provide note counting services at cattle markets

Bangladesh Bank (BB) has asked scheduled banks to provide note counting services through machines for reducing the Covid-19 infection risk.

The central bank instructed the responsible banks to provide note counting service side by side with fake or forged note detection service, reports BSS citing a BB circular.

Earlier, BB asked commercial banks to set up booths in the cattle markets ahead of Eid-ul-Azha to detect fake or forged notes, considering huge cash transactions.

The banks must coordinate with the branches of the central bank outside Dhaka to set up the booths.

In case of the absence of any central bank branch, the banks will have to conduct the operation through Sonali Bank.

The central bank also said the banks would have to contact the local authorities including city corporations, district offices, municipalities and the law enforcing agencies to ensure smooth transactions.

The bank booths must feature the identification marks of the fake notes of Taka 100, Taka 500, and Taka 1000 denominations.

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