Bangladesh Bank is reportedly considering a proposal to temporarily withdraw 500 and 1000 taka banknotes from circulation. The proposal, initiated by a former governor, aims to curb illicit financial flows and address potential economic instability. Details regarding the duration of the withdrawal and implementation strategies remain unclear. Authorities have not confirmed a final decision, stating the matter is under review. The move, if implemented, could impact daily transactions and require significant logistical planning. This consideration follows concerns about the use of higher denomination notes in illegal activities, prompting a re-evaluation of currency management policies. Further announcements are expected as the Bangladesh Bank deliberates on the proposal’s feasibility and potential consequences.