The currency used in Bangladesh is the Bangladeshi Taka (BDT). Here are some details about it:
* Symbol: The official symbol for the Taka is Tk, and the Bengali symbol is ৳ (টাঁকা).
* ISO Code: Its international currency code is BDT.
* Subunit: One Taka is divided into 100 Poisha (পয়সা), although Poisha coins are now rarely used due to inflation.
* Banknotes: Banknotes in circulation include denominations of Tk 5, Tk 10, Tk 20, Tk 50, Tk 100, Tk 200, Tk 500, and Tk 1000. Historically, Tk 1 and Tk 2 notes were also issued but are less common now.
* Coins: Coins currently in use are primarily Tk 1, Tk 2, and Tk 5. Lower denomination Poisha coins (1, 5, 10, 25, and 50 Poisha) are still legal tender but are rarely seen in everyday transactions.
* Issuing Authority: The Bangladesh Bank is the central bank of Bangladesh and has the sole authority to issue banknotes, except for the Tk 1 and Tk 2 notes, which are issued by the Ministry of Finance. The Governor of Bangladesh Bank's signature appears on all banknotes except the Tk 1 notes.
* History: The Taka was officially introduced in 1972 after Bangladesh gained independence in 1971, replacing the Pakistani Rupee. The first banknotes issued were Tk 1 and Tk 100 on March 4, 1972.
* Etymology: The word "taka" has historical roots, derived from the Sanskrit word "tanka," which was used to denote ancient silver coins in the Indian subcontinent. Bengal has historically been a stronghold of this currency.
* Exchange Rate: As of late April 2025, the approximate exchange rate is around 1 Bangladeshi Taka ≈ 0.0082 US Dollars, but this fluctuates.
The Bangladeshi Taka is crucial for all economic activities within the country, including daily transactions, trade, and remittances. Its stability and management are key factors in Bangladesh's economic health.
