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flag Bangladesh introduces new system to verify accounts and move to cashless government payments by June 2025.

flag Bangladesh is rolling out a new Account Verification System (AVS) by June 2025 to boost transparency and prevent fraud in government spending. flag Launched in January on a trial basis, AVS aims to verify bank accounts and transition all government payments to a cashless system. flag This initiative by Bangladesh Bank and the Finance Division also seeks to save Tk 500-600 crore annually by ending the need for check printing.

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