Tag: new currency

Bangladesh to Issue New Currency Notes Without Sheikh Mujib’s Image
Global

Bangladesh to Issue New Currency Notes Without Sheikh Mujib’s Image

The Bangladesh government has decided to issue new currency notes that will no longer feature the image of Bangabandhu Sheikh Mujibur Rahman, the founding father of the country and father of ousted Prime Minister Sheikh Hasina. This move aims to remove traces of Sheikh Hasina’s administration. Credible diplomatic sources revealed that the interim government plans to redesign several denominations, starting with the 20, 100, 500, and 1,000 Takka notes. These new notes will not include Sheikh Mujibur Rahman’s image, marking a major shift from the current designs that prominently display his likeness. The Bangladesh Ministry of Finance and Bangladesh Bank confirmed the decision. They will first redesign these four denominations, and officials indicated that they will eventually change ...
SBP Unveils Plans for New Secure Currency Notes
Pakistan

SBP Unveils Plans for New Secure Currency Notes

The State Bank of Pakistan (SBP) has announced plans to introduce a new series of currency notes across all denominations. However, this move is aimed at enhancing security features and combating counterfeit currency circulation in the country. The State Bank of Pakistan (SBP) Governor, Jameel Ahmed, announced that the central bank has decided to introduce new currency notes across all denominations. The aim is to boost security features and combat the circulation of counterfeit currency within the country. New notes will be in the loop from March 2024. During an informal discussion with journalists, Governor Jameel Ahmed shared the plan to revamp the entire currency system in Pakistan, targeting the issue of black money. This decision reflects the central bank's commitment to addre...