Bangladesh Introduces New Currency, Marking Shift from Past Leadership
In a significant departure from the previous administration, Bangladesh’s caretaker government, led by Nobel laureate Muhammad Yunus, has unveiled new banknotes that omit the image of Sheikh Mujibur Rahman, the nation’s founder. This move symbolizes a change in the national narrative, as the interim government seeks to redefine the country’s identity following the Hasina era.
The new currency series, launched recently, showcases natural landscapes, cultural heritage, and notable historical landmarks rather than depicting Sheikh Mujib. The designs include Hindu and Buddhist temples, historic palaces, and artwork reflecting themes of hunger by renowned artist Zainul Abedin. Additionally, a tribute to national martyrs from the 1971 War of Independence is included.
Traditionally, all Bangladeshi notes featured the late Sheikh Mujib, who played a crucial role in the country’s independence from Pakistan in 1971 until his assassination in 1975.
Bangladesh Bank spokesman Arif Hossein Khan explained that the updated designs aim to represent the nation’s rich cultural diversity. While older notes featuring Mujib will still circulate, new designs are being rolled out across various denominations, starting with three types this week.
This overhaul is part of a broader effort to dismantle the political and ideological legacy of the Awami League, which has been in power under Sheikh Hasina for more than 15 years. Following Hasina’s removal in a student-led uprising last August, Yunus now leads a provisional government that is attempting to reshape the narrative of Bangladesh’s recent history.
Significant changes are also occurring in school curricula. Many works featuring Mujib and Hasina have been removed, and figures like Ziaur Rahman, who declared independence and was the founder of the Bangladesh Nationalist Party (BNP), have re-emerged in educational materials. AKM Riazul Hassan, head of the National Textbook Committee, emphasized the need for students to avoid an “endless cycle of hatred.”
However, some critics express concerns about the new narrative. Despite recognition of the violence during Hasina’s rule, the revised curriculum doesn’t name the militias involved in the 1971 war, and it removes references to transgender individuals, potentially appeasing certain religious groups.
Meanwhile, Hasina lives in self-imposed exile in India and faces multiple charges from the Bangladeshi International Crimes Tribunal, including mass murder. The tribunal has accused her of using her power to suppress protests last year. This ongoing trial is a notable moment in the country’s judicial history.
International support for Yunus has been notable, with former US Presidents Joe Biden and Bill Clinton both voicing their backing. Biden has committed to supporting Bangladesh’s reform plans, while Clinton praised Yunus for his efforts to empower marginalized communities.
Yet, the significant question remains: Will this shift help foster a more inclusive national identity or simply replace one dominant narrative with another? The future balance of Bangladesh’s democratic institutions hangs in the balance as the government moves to distance itself from Hasina’s well-entrenched legacy.





