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Bangladesh Bank Governor Dr. Ahsan H. Mansur has revealed that the demand for cash in the country is rising by nearly 10% each year, costing the government around Tk 20,000 crore annually in printing and distribution.

Highlighting the need for digital alternatives, he said:

“A smartphone is now essential for financial transactions, bill payments, and online services.”

The central bank is working to introduce affordable smartphones priced between Tk 6,000–7,000 to ensure universal access to digital financial services.

Dr. Mansur also called for lowering internet costs and improving service quality to accelerate digital adoption.

On housing, he emphasized:

Millions of new homes are still needed across the country.

Urban migration is irreversible, making affordable housing projects urgent.

Banks could utilize their idle land by partnering with developers.

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