A legal notice has been issued to top government and central bank officials in Bangladesh, demanding an immediate end to what it describes as excessive money printing without sufficient reserve backing and calling for the withdrawal of Tk1,000 banknotes as part of efforts to tackle inflation, corruption, and the growth of black money.
The notice was sent by Supreme Court lawyer Md Mahmudul Hasan Manun to the Cabinet Secretary, the Finance Division Secretary, and the Governor of Bangladesh Bank. The lawyer said he plans to file a writ petition with the High Court if the authorities fail to respond within 15 days.
According to the notice, Bangladesh Bank has allegedly continued to expand the money supply without maintaining adequate reserves in gold, silver, or foreign currency. The document argues that such practices contribute to inflationary pressures and weaken confidence in the monetary system.
The notice also calls for the withdrawal of Tk1,000 banknotes, claiming that large-denomination currency notes facilitate corruption, tax evasion, and the accumulation of undisclosed wealth. It contends that restricting high-value notes could help improve financial transparency and reduce illicit cash transactions.
Citing the Bangladesh Bank Order, 1972 and the Bangladesh Coinage Order, 1972, the notice argues that the central bank’s authority over currency issuance is subject to legal and regulatory limitations and should be exercised with appropriate reserve support.
The move comes amid ongoing public discussions about inflation, monetary policy, and the broader management of Bangladesh’s financial system. Authorities have not yet publicly responded to the legal notice.
If no satisfactory response is received within the specified period, the petitioner says legal action will be pursued through the courts.
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