The proposal aims to draw cash into banks and help ease the budget deficit
June 28, 2026
Senior Correspondent
bdnews24.com
BNP lawmaker AM Mahbub Uddin Khokon has proposed scrapping Tk 500 and Tk 1,000 banknotes, arguing that large amounts of cash are being kept in homes because people have lost confidence in banks.
The Noakhali-1 MP said people should be given two months to deposit the notes in banks and legalise undeclared money, a move he believes would increase liquidity in the banking sector and help reduce the budget deficit.
Currently, bank balances exceeding Tk 300,000 are subject to excise duty
He also proposes removing the obligation to obtain a TIN before opening a bank account
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The central bank announced the package at a press conference held at its headquarters in Dhaka today
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