DHAKA, March 1 (BSS) - Bangladesh Bank (BB) will not issue any new one-taka note, instead it will replace all those in circulation with coins, a BB official told BSS today.
"We have decided not to issue any new note of taka one because the paper notes are not suitable for repeated use while coins sustain for ever," BB Currency Officer Saiful Islam said.
The central bank stopped printing new one-taka note eight years ago in 2008 and started injecting more coins into the market so people can use those conveniently. He said the central bank now does not have any reserve of new one taka notes as those were already injected into the market.
The current one taka note was issued in 1972 and the coin with the same denomination was introduced in 1995 beside the paper notes.