Bangladesh Bank warns against large-denomination currency transactions ahead of Eid-ul-Azha

Bangladesh Bank has cautioned the public to be careful when dealing with high-denomination banknotes—especially Tk500 and Tk1,000—ahead of Eid-ul-Azha and the busy cattle market season.

The central bank noted that the circulation of counterfeit currency typically rises during this period, as large cash transactions become common in the buying and selling of sacrificial animals.

It urged people to stay alert while handling such notes, as the surge in cash exchanges during Eid-ul-Azha increases the risk of fake currency being mixed with genuine bills.

To avoid fraud, individuals have been advised to carefully verify the authenticity of banknotes during transactions.

How to verify notes

Bangladesh Bank recommends checking key security features of Tk100, Tk200, Tk500 and Tk1,000 notes, such as watermarks, security threads, colour-shifting ink, and raised printing.

If a note appears suspicious, people can seek help from temporary bank booths set up at cattle markets or from officials at nearby commercial banks.

The public has also been advised to avoid transactions through unknown or suspicious sources and instead rely on banks or authorised institutions. Additionally, people are encouraged to raise awareness among others about counterfeit currency risks.

For detailed information on identifying genuine banknotes, Bangladesh Bank has advised visiting its official website.