Following recent reports in social media and newspapers regarding a massive influx of forged currency into Bangladesh, particularly from India, Bangladesh Bank (BB) has issued a public advisory, urging citizens not to be unnecessarily panicked.
In a press release on Wednesday, the central bank stated that such reports could cause public confusion and instability. It emphasized that the manufacturing, carrying, and transacting of fake currency is a serious offense under the existing law.
The central bank affirmed that it is working closely with law enforcement agencies to curb the circulation of fake notes. The statement noted that both the central bank and security forces are "maintaining strict vigilance and taking regular, effective measures to prevent the circulation of counterfeit money" by monitoring the source, flow, and use of fake notes.
The central bank's action follows a post by investigative journalist Zulkarnai Saer on his personal Facebook profile, which quickly went viral and alerted both the Bangladesh Bank and the national law enforcement agencies. Authorities have since intensified their efforts to counter this activity.
To help the public ensure safety and prevent the use of counterfeit money, the Bangladesh Bank issued four key pieces of advice:
Verify security features: When receiving notes, individuals must thoroughly check security features such as the watermark, intaglio (uneven) print, security thread, colour-shifting ink, and micro-text.
Use banking channels: All large-scale transactions must be conducted through formal banking channels.
Go digital: The public is encouraged to use digital payment methods as much as possible, instead of cash transactions.
Report immediately: If any suspicious note is found or if one has related information, immediately contact the nearest police station or call the National Emergency Service 999.
Know the Real Note – Ensure Safe Transactions, the Bangladesh Bank confirmed that detailed information on the security characteristics of genuine notes is available on its official website, www.bb.org.bd.
Additionally, X-banners and posters detailing how to identify authentic currency are prominently displayed at every bank branch nationwide.