Dhaka, March 22 -- The volume of currency outside the banking sector of Bangladesh has been increasing since November amid higher inflation and the erosion of confidence among people in some banks.
In January, the currency outside banks totalled Tk 2,57,295 crore, up from Tk 2,54,860 crore a month ago, data from the Bangladesh Bank showed.
The volume has been rising since November 2023 when it stood at Tk 2,48,441 crore. It was Tk 2,91,913 crore in June last year, the highest in recent times.
The currency outside banks, however, fell 2.16 percent year-on-year in January. Bankers attributed the January 7 national election for the spike in the cash among the public. Persisting inflationary pressure and trust deficit among depositors also c...