Govt decides to stop printing Tk 1, 2, 5 notes
Bdnews, Dhaka
The government has decided to stop printing currency notes of Tk 1, Tk 2 and Tk 5 denominations because of their shorter durability and high production cost associated with continuous printing of the notes."We will rather continue minting coins equivalent to these notes," a senior official of the Bangladesh Bank (BB) told the news agency. He said the government has earlier decided to stop printing these notes and circulate coinage in the local market. A currency note like Tk 1, Tk 2 and Tk 5 wears out within one year while a coin can be used up to 20 years, he said. Besides, it requires Tk 0.52 to Tk 0.60 to print each of the notes while the production cost of minting a coin is Tk 0.80 to Tk 0.90, he said. Considering all the factors, the government has taken the decision, he added.
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