Dhaka, May 26 -- Bangladesh Bank is set to release a new series of banknotes from June 2, ahead of Eid-ul-Azha, according to an announcement made by the central bank on Monday.

In the first phase, the newly designed Tk 20, Tk 50, and Tk 100 notes will be introduced to the public. The notes are expected to be available by June 2 or 3, with additional denominations to be released in phases.

Bangladesh to introduce new banknotes before Eid

While the full circulation of all new notes will take time, Bangladesh Bank plans a limited initial release. The fresh designs aim to better reflect the nation's economic progress, natural beauty and cultural heritage.

At a recent event, Bangladesh Bank Governor Ahsan H Mansur said the new notes priori...