Cash is surging, still not excessive

The most common way to express use of cash in a country is to calculate the ratio of currency in circulation (CIC) to nominal GDP. Nominal GDP is GDP at current market price and thus not inflation-adjusted. In FY19, nominal GDP of Bangladesh was estimated at Tk 25.36 trillion when total amount of currency in circulation was Tk 1.70 trillion. So the CIC-GDP ratio stood at 6.72 per cent in the past fiscal.

• It meant black money holders didn’t accumulate their undisclosed or illegal income largely in cash.
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A case was filed against Manik at the city’s Chandrima Police Station, and he was later arrested. Investment apps are so popular in the northern divisional city of Rajshahi that many have opened ‘offices’. Currently, an app called ‘MTFE’ is the most popular in the city. However, Bangladesh Bank redirects questions to law enforcement.

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Illegal parking should be brought under control by introducing paid parking. When several councilors expressed their anger regarding the recent flooding in Chattogram, the Mayor said that the city dwellers hold the mayor and councilors responsible for flooding. However, the Chattogram City Corporation is not in charge of water logging projects. The Mayor said this at the 31st general meeting of the elected 6th Parishad at Nandankanan Theater Institute in the city on Monday (August 28).

Cash is surging, still not excessive

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• He is also the founder of the first organic tea garden in Bangladesh.
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The meeting approved the minutes of the previous general meeting, the minutes of the tender committee and the minutes of the standing committee. Standing Committee Chairmen presented the minutes of their respective Standing Committees. Monitoring activities of CCC in mosquito control will be done at ward level. Besides, in the wards where there are hills, the councilors should play a role in protecting those who live dangerously near the mountain from landslides.

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Under such circumstances, the law is executed without consistency, often becoming discriminatory. Recently, a customer wrote under an advertisement on Glory Casino’s Facebook page, “I did not know that this casino cheated in this way. No one but Allah knows how many people of this country are suffering as I am.” In January 2020, Shamsul Islam, cash in-charge at the Rajshahi branch of the privately owned Premier Bank, withdrew Tk 35 million from the bank’s vault.

In addition, the meeting was attended by Bangladesh Medical Association president and another member of the presidium of Bangladesh Awami League Dr. Mustafa Jalal Mohiuddin. Mahboob Alam Farooq KIB vice president agriculturist the program was conducted by Secretary General Agriculture. Speaking as a special guest at the event, Awami League Joint General Secretary AFM Bahauddin Nashim said that BNP-Jamaat leaders and workers suffer if they catch militants or take any action against them. However, it will never be possible in this country as long as Bangabandhu is alive. So they are involved in various conspiracies with foreign powers.

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They also shut down gambling or casino sites when they notice or receive complaints. A BTRC official said that in 2022, the regulator requested 150 Play Store casino apps to be closed. “Bangladesh Bank monitors suspicious transactions. But it is impossible to monitor the purpose for which a person or business engages in a money transaction.” In June 2021, two officials of the Bangshal branch of Dhaka Bank were arrested for gambling on an app, with nearly Tk 40 million withdrawn from the bank. Two major incidents of online gambling scams recently came to the notice of law enforcers, but only after tens of millions of taka were lost.

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Back to Faridpur Sadar, Shariyatpur days would at least some villagers. With the gradual development of the street, was established ebansariyatapure district has reduced the problem. Before 1950, the region adjacent to the boat janasadharanagayanara Chandpur, Dhaka or in Narayanganj, had to travel.

• A case was filed against Manik at the city’s Chandrima Police Station, and he was later arrested.
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He said if someone commits money laundering or any other financial crime on foreign apps or websites or in any other way, Bangladesh Bank will look into it. Customers fall for these scams by visiting web pages and downloading apps from the Play Store. Digital wallets are created without authorisation for money transactions.

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He wrote his first novel ‘Bhairav’ in 2013 at the age of 73. The autobiography ‘Jiboner Shilalipi’ was published in 2014. In the meantime, ‘Bhairav’ has been translated into English. His business career started in 1979 with the establishment of ‘Jemcon Group’. He was the publisher and editor of ‘Khoborer Kagaz’ and ‘Ajaker Kagaz’. He is also the founder of the first organic tea garden in Bangladesh.

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It has been learnt that Raja Devasish Roy is in Thailand. Every year number of visitors are come here to see this beautiful House. Chakma Rajbari is one of the major visiting attractions in Rangamati. This royal house represents the tradition and culture of Chakma (চাকমা).

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Victims report that fraudsters make huge amounts of money through these apps. There is another game called Live Casino where a person steps into the casino’ and spins the wheel. As a result, players get a similar thrill to entering a casino in person. Similarly, hundreds of people have been cheated by investing hundreds of thousands of taka in another app called ‘E-Movie’. A young man named Manik opened an office in the city’s Shiroil in the name of the app and ran his fraudulent activities through there. He scammed over a hundred people from Godagari’s Premtoli area.

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Thus it may be presumed that a large section of people have small amount of cash in their houses. Only a few people have large or excessive amount of cash at their disposal due to rising disparity in income. In 2010, share of bottom five per cent of the population was only 0.78 per cent of total national income and it further declined to 0.23 per cent in 2016. At the same time, income share of top five per cent increased to 27.89 per cent in 2016 from 24.61 per cent in 2010. Moreover, when compared to the country’s Gross Domestic Product (GDP), it shows that the proportion of cash in Bangladesh economy is not as large as presumed by many.

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This leader of Awami League said that the Prime Minister does not stop at fulfilling the five basic needs of people. She wants people’s lives to be smoother, people get employment opportunities. Today the Prime Minister has been able to paint the hope of a new life and future in the eyes of the parents and created the environment to realize that dream. The Prime Minister spends the rest of his time except for sleeping, thinking how she can give to the people. The prime minister got the idea from her father’s determination to make his dream a reality. Did you know that it is possible to send letter absolutely legally?

Besides, he established University of Liberal Arts Bangladesh (ULAB) and Kazi Shahed Foundation. Prime Minister Sheikh Hasina has fulfilled all the basic needs of the people of the country, said Deputy Leader of Jatiyo Sangsad Matia Chowdhury, a member of the presidium of Awami League. Councilors should play a role in making the Prime Minister’s development plan around Chattogram a success from the grassroots level. Senior Awami League leaders are of opined that no controversial person will be allowed in the new committee and people with a clean image will get the top posts. About 2200 representatives from across the country will attend the congress.

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On August 13, the government published the gazette finalizing the universal pension rules. Prime Minister Sheikh Hasina inaugurated the program on August 17.

• Denominations of Tk 10, Tk 20, Tk 50, Tk 100, Tk 500 and Tk 1,000 are issued by the central bank in Bangladesh.
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We will enhance your ranks organically and safely, using state of the art AI and whitehat methods, while providing monthly reports and outstanding support. In Bangladesh, the CIC-GDP ratio fluctuated between 5.50 per cent and 7.60 per cent during the last one decade which means cash hoarding by people is mostly in line with the expansion of GDP.

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• Due to various projects taken by the government, if Chattogram’s increasing commercial importance is exploited, the vision of building a smart Bangladesh by 2041 will be possible.
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Most of the Zamindar (জমিদার) mansions from Bangladesh were owned by the Hindu Zamindar (জমিদার). After the division of the country during 1947, and also later 1971, most of those powerful owners were coerced to leave the country, or cringed away to avoid the secular vandalism. Later government has taken control of few of those buildings and used as their official purpose (which are still in a presentable state). But others are in total ruin by now a days for lack of care. It is not sure but people believed that they have started their Zamindari somewhere around 1890. First Zamindar (জমিদার) was Kalichoron Shaha (কালিচরণ সাহা).

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The ratio is reasonably low compared to advanced developing countries like China, India and Russia. CIC-GDP ratio is around 9.50 per cent in China and around 9.0 per cent in Russia. In India the ratio stood at 10.70 per cent in March this year. One is currency in banks or cash in hand with banks, another is currency outside banks or currency with the public.

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