Bangladesh Proposes 7-Year Jail Term for Counterfeit Currency Possession Under New Law
The Ministry of Finance's Financial Institutions Division has drafted a new legislation titled the 'Counterfeit Currency Prevention Act, 2026'. This proposed law aims to significantly increase penalties for possessing counterfeit currency, with a potential jail sentence of up to seven years. The draft legislation, spanning eight pages, has been circulated to various ministries and agencies for their feedback. Additionally, the division has made the draft available on its website to solicit public opinion on the proposed measures. This initiative reflects a move to strengthen efforts against the circulation of fake money within Bangladesh.
The proposed 'Counterfeit Currency Prevention Act, 2026' in Bangladesh signals a governmental response to the persistent challenge of counterfeit currency. By increasing the potential penalty to seven years imprisonment, the state aims to deter illicit activities and enhance the integrity of the national currency. This legislative push may be driven by concerns over economic stability and the potential for counterfeit money to undermine financial systems. The inclusion of public consultation through a website demonstrates a commitment to transparent governance, allowing stakeholders to contribute to the final form of the law. Future effectiveness will depend on enforcement capabilities and the act's ability to adapt to evolving methods of currency counterfeiting in the digital age.
AI-generated to prompt reflection — not editorial opinion, not advice, not a statement of fact. How this works.