Dhaka, Bangladesh — October 8, 2024
In a landmark move, the Bangladesh Bank has announced plans to release a new series of currency notes that will not feature the image of the nation’s founding leader, Sheikh Mujibur Rahman. This decision marks a historic departure from tradition, as his portrait has appeared on all Bangladeshi currency notes since the country’s independence in 1971.
The central bank revealed that the new notes will be issued in denominations of 10, 20, 50, 100, and 500 taka. The notes will focus on symbols of national heritage, progress, and unity, with images of iconic cultural landmarks, historical events, and significant contributors to the nation’s development.
While Sheikh Mujibur Rahman’s legacy remains an integral part of the country’s history and identity, the government emphasized that this decision aligns with efforts to modernize the currency and reflect the diverse facets of Bangladesh’s evolving narrative.
The Shift in Currency Design
The new notes will feature designs highlighting the country’s natural beauty, advancements in technology, and the achievements of contemporary Bangladeshi citizens in various fields such as arts, science, and sports.
Sources within Bangladesh Bank confirmed that a rigorous public consultation process was conducted to ensure the designs resonate with the people of Bangladesh. The new notes will still retain security features that adhere to international standards to prevent counterfeiting.
Political Reactions and Public Response
The move has sparked debate among various political groups. Supporters argue that it reflects the dynamic nature of Bangladesh’s progress, while critics worry that it could dilute the founding principles of the nation.
“I have great respect for the Father of the Nation, but it’s time to acknowledge the country’s journey beyond its founding moment,” said Mohammad Shahid, a prominent economist. “We are a growing nation, and our currency should reflect the achievements of our time.”
On the other hand, opposition leaders have expressed concerns that removing Mujib’s image could be seen as an attempt to undermine the significance of his leadership and the historical struggle for independence.
The Bangladesh Bank has assured that Sheikh Mujibur Rahman’s image will remain prominent in other national symbols, such as the national emblem and government offices, and that the move is not intended to diminish his place in the nation’s history.
Future of the Currency
The redesigned notes are expected to circulate starting next year. In the meantime, the central bank has confirmed that existing currency notes with Sheikh Mujibur Rahman’s portrait will remain in circulation and will not be demonetized.
This change in currency design is part of broader efforts by the Bangladeshi government to modernize its financial systems, with an eye toward fostering a more inclusive and progressive national identity.
