Md Nurun Newaz Salim, Chairman of NCC Bank Limited, is seen at the bank’s 30th AGM at Officers Club in Dhaka on Wednesday.

Before Eid Bangladesh Bank (BB) releases new currency notes to meet the market demand.However, it may not be the case this time.One of the officials from the Department of Currency Management at the Central Bank said each year before Eid, Bangladesh Bank's currency officer sends a demand list to the Security Printing Corporation.The corporation supplies fresh bank notes according to the stated requirements."But the currency officer has not submitted any demand list as of now. This is why no initiative has been taken to print new currency notes," said the bank official.Meanwhile, a notice has been sent to the co-operative division of the Central Bank's head office (from where the Bank employees' salary and other transactions are handled).The notice stated that there was no supply of new bank notes of denominators 5, 10, 20, 50, and 100.However, Bangladesh Bank spokesperson Mahfuzur Rahman said that the scenario is not so severe that there would be no circulation of new bank notes. From Jul 5, some new notes would be released.He told bdnews24.com, "We will circulate lesser volume of currency notes this year compared to the years before."To explain the reason of such shortage one of the Executive Directors of the Bank said, "A large number of re-issued notes have piled up. This is why the supply of new bank notes would be less."Last year prior to Eid-ul-Fitr Bangladesh Bank circulated new bank notes worth Tk 190 million.The bank's spokesperson, however, did not disclose the number of new bank notes that would be circulated this year.

News:New Nation/24-Jun-2015

bdnews24.com :The Bangladesh Bank will give low-interest loans to plastic and leather industrialists to ensure proper work environment and security arrangements in their factories.The loans would be given under the central bank's refinancing programme in the renewable energy and environment sector, a circular issued by it said on Monday. Entrepreneurs would get the loans at 9 percent interest from the central bank's Tk 2 billion refinancing fund, from which banks have until now given loans for 47 products in nine sectors. The latest addition pushes up the number of products to 49.The circular said members of the Bangladesh Plastic Goods Manufacturers & Exporters Association (BPGMEA) and Leathergoods & Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) having their own factories can make use of the opportunity.  The loans can be used for refinancing renovations, restructuring, replacing fire-extinguishing equipment, procuring fire-protection materials, roof improvement, and constructing water reservoirs with underground pumps.

KATHMANDU: The World Bank announced Tuesday it will provide up to $500 million for reconstruction in quake-devastated Nepal which is preparing to host a major conference to increase donations.

The twin quakes that struck in April and May killed more than 8,800 people, destroyed nearly half a million houses and damaged another 280,000, leaving thousands in need of food, clean water and shelter.

“We are working with the Government of Nepal and its international partners to help the country get the resources it needs to build back better,” World Bank President Jim Yong Kim said in a statement.

“We will do everything possible to help people who suffered from the earthquake, especially the poor, rebuild their homes and livelihoods.”

The impoverished Himalayan nation will need around $6.7 billion, roughly a third of the value of its economy, to recover from the disaster, according to a preliminary assessment by the government.

The World Bank’s assistance will include $200 million towards rural housing and $100 million to strengthen the banking system following a post-quake economic slowdown.

An additional $100 to $200 million will be redirected from existing World Bank projects towards unspecified reconstruction efforts.

Nepal has sent out 65 invitations, including to 36 countries, for Thursday’s one-day conference in Kathmandu which will brief donors and appeal for funds to support its reconstruction plans.

Meanwhile, Indian external affairs minister Sushma Swaraj will be among a host of leaders who will attend an international donor conference here for reconstruction efforts following the devastating earthquake that hit Nepal in April.

The International Conference on Nepal’s Reconstruction (ICNR) 2015 is scheduled to take place here on June 25 to raise international assistance for rebuilding the country ravaged by the April 25 earthquake and its aftershocks.

Besides Swaraj, foreign ministers from China and Norway, finance ministers from Bhutan and Bangladesh and disaster management minister from Sri Lanka have confirmed their participation in the international conference, Nepalese finance minister Ram Shara Mahat said today.

Nepal had initially invited PM Narendra Modi to attend the conference. 

President of the Manila-based Asian Development Bank, vice-president of the World Bank, president of Japan International Technical Cooperation (JAICA), commissioner of the European Union and the UN deputy general secretary of the United Nations have also confirmed their participation.