Bangladeshi taka explained

Local Name:টাকা
Local Name Lang:bn
Image 1:File:Taka Banknotes specimen.jpg
Image Width 1:175px
Image Title 1:Taka banknotes
Image 2:File:Bengali Currency Taka Sign.svg
Image Width 2:100px
Image Title 2:Sign
Iso Code:BDT
Issuing Authority:Bangladesh Bank
Using Countries: Bangladesh
Inflation Rate:9.41%
Inflation Source Date:BBS, August 2021[1]
Subunit Name 1:Poisha
Subunit Inline Note 1:(defunct)
Symbol:Bengali:
Symbol Subunit 1:p
Frequently Used Coins:৳1, ৳2, ৳5
Frequently Used Banknotes:Bengali: 5, Bengali: 10, Bengali: 20, Bengali: 50, Bengali: 100, Bengali: 200 and Bengali: 500
Rarely Used Banknotes:Bengali: 2 and Bengali: 1000
Printer:The Security Printing Corporation Bangladesh Ltd.
Mint:The Security Printing Corporation Bangladesh Ltd.
Replaced Currency:Pakistani rupee

The Bangladeshi taka (Bengali: টাকা, sign: Bengali: , code: BDT, short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at .

Issuance of bank notes Bengali: 10 and larger is controlled by Bangladesh Bank, while the Bengali: 2 and Bengali: 5 banknotes are the responsibility of the ministry of finance. The banknotes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins (including all poysha coins) up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "Bengali: " and "Tk", used on receipts while purchasing goods and services. It is divided into 100 poysha, but poysha coins are no longer in circulation. The poysha is still used for accounting purposes (e.g., Tk 123,456.78 for 123,456 taka and 78 poysha).

On 8 May 2024, the central bank placed the taka in a crawling peg to the US dollar, with a rate of 117 takas per US dollar.[2]

Etymology

According to The American Heritage Dictionary of the English Language and Banglapedia, the word taka came from the Sanskrit word tankah, meaning silver coin.[3] [4] The word taka in Bangla is also commonly used generically to mean any money, currency, or notes. Thus, colloquially, a person speaking in Bangla may use "taka" to refer to money regardless of what currency it is denominated in. This is also common in the Indian states of West Bengal and Tripura, where the official name of the Indian rupee is "taka" as well. In other eastern Indian languages with the influence of Prakrit in Bihar it is "taka" in Maithili and Magadhi languages, in Assam it is টকা tôka and it is ଟଙ୍କା taṅkā in Odisha.

History

1947–71

After the Partition of Bengal in 1947, East Bengal became the eastern wing of Pakistan and was renamed to East Pakistan in 1956. The Pakistani rupee also bore the word taka on official notes and coins. Bangla was one of the two national languages of the Pakistan union between 1956 and 1971 (the other being Urdu). The Bangladeshi taka came into existence since 1972, a year after the independence of the eastern wing of the union, as the independent nation of Bangladesh.

Prior to the Liberation war in 1971, banknotes of the State Bank of Pakistan circulated throughout Bangladesh, and continued to be used in Bangladesh even after independence for only about three months until the official introduction of the taka on 4 March 1972. During the war, it was an unofficial practice of some Bengali nationalists to protest Pakistani rule by stamping banknotes with "Bengali: বাংলা দেশ" and "BANGLA DESH" as two words in either Bangla or English. These locally produced stamps are known to exist in several varieties, as are forgeries. On 8 June 1971, the Pakistani government declared that all banknotes bearing such stamps ceased to be legal tender. Furthermore, to prevent looted high-denomination notes from disrupting the Pakistani economy, the government also withdrew the legal tender status of all 100- and 500-rupee notes.[5]

Since 1972

The taka was introduced in Bangladesh in 1972, replacing the Pakistani rupee at par.

Treasury Banknotes

Banknotes and Issues

In 2000, the government issued polymer Bengali: 10 notes as an experiment (similar to the Australian dollar). They proved unpopular, however, and were withdrawn later. At present, the Bengali: 1 and Bengali: 5 notes have mostly been replaced with coins, and in 2008, the government issued Bengali: 1,000 notes.

In 2011, Bangladesh Bank began issuing a new series of banknotes denominated in Bengali: 2, Bengali: 5, Bengali: 100, Bengali: 500, and Bengali: 1000. All are dated 2011 and feature a portrait and watermark of the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, along the National Martyr's Monument in Savar at center front.[6]

From 2011, the Bangladesh Bank introduced new notes denominated in Bengali: 10, Bengali: 20, and Bengali: 50 on 7 March 2012. The notes bear the portrait of Bangabandhu Sheikh Mujibur Rahman and the National Martyr's Monument in Savar on the front. On the back of the notes, the Bengali: 10 will picture the Baitul Mukarram mosque, the Bengali: 20 pictures the Shat Gombuj mosque in Bagherat, and the Bengali: 50 notes feature Shilpacharjo Zainul Abedin's famous painting Ploughing.[7]

On March 7 of 2019, Bangladesh Bank released new ৳100 notes, which had the same design as 2011 Version, but had better security, a stronger Blue and were made of a different material.

On December 15 of 2019, Bangladesh Bank issued new ৳50 banknotes, with the same design as the 2011 version, but had a different colour (orange, brown and fluorescent yellow-green), and a slightly different design in some parts.

On March 17 of 2020, Bangladesh Bank introduced new ৳200 notes. They bear a portrait of Bangabandhu Sheikh Mujibur Rahman on both sides and a landscape picture of a village, river and boats.

Commemorative Banknotes

In 2011, Bangladesh Bank also introduced a Bengali: 40 note to commemorate the "40th Victory Anniversary of Bangladesh". The commemorative note features a portrait of the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman and the National Martyr's Monument in Savar on front, and six armed men on back. Curiously, this note has an electrotype 10 in the watermark, indicating it was likely printed on extra Bengali: 10 banknote paper.[8]

On 15 February 2012, Bangladesh Bank has introduced a Bengali: 60 note to commemorate "60 years of National Movement". The commemorative note measures 130x and features the Shaeed Minar (Martyrs' monument) in Dhaka and five men on the back. Like the Bengali: 40 commemorative note, this note has an electrotype 50 in the watermark. It was likely printed on extra Bengali: 50 banknote paper.[9]

On 26 January 2013, Bangladesh Bank issued a Bengali: 25 note to commemorate the 25th anniversary (silver jubilee) of the Security Printing Corporation (Bangladesh) Ltd. On the front is the National Martyr's Monument in Savar, the designs of the previous series of the Bangladeshi taka notes and its postage stamps, three spotted deer and the magpie-robin (doyel). On the reverse is the headquarters of the Security Printing Corporation. Curiously, this note has an electrotype 10 in the watermark, indicating it was likely printed on extra Bengali: 10 banknote paper.[10]

On 8 July 2013, Bangladesh Bank issued a Bengali: 100 note to commemorate the 100th anniversary of the Bangladesh National Museum. The commemorative note features an 18th-century terracotta plaque of a horseman on the front and the Bangladesh National Museum on the back.[11]

Coins

In 1973, coins were introduced in denominations of 5, 10, 25 and 50 poysha. 1 poysha coins followed in 1974, with Bengali: 1 coins introduced in 1975. The 1, 5 and 10 poysha were struck in aluminium, with the 25 and 50 poysha struck in steel and the Bengali: 1 in copper-nickel. The 5 poysha were square with rounded corners, and the 10 poysha were scalloped. Steel Bengali: 5 were introduced in 1994, and a steel Bengali: 2 coin followed in 2004.

1 and 5 poysha coins are rarely found in circulation. The same is the case with the 10, 25, and 50 poysha coins, as they have lost value due to inflation over the years. Only the Bengali: 1, Bengali: 2 and Bengali: 5 are occasionally found in circulation. Unlike most other countries, coins are not issued every year. The most recent coins, Bengali: 1, Bengali: 2 and Bengali: 5, were issued in 2013.

1973 Series
Value Composition Description First Minted
Reverse Obverse
5 poyshaAluminiumNational emblemA plough inside of a cogwheel engraved diagonally, "5-Five Poisha" and "Bangladesh" written in Bangla.1973
10 poyshaScalloped with serrated edges, a betel leaf in the middle with "Bangladesh" written on top and "Ten 10 poisha" written on the bottom in Bangla.
25 poyshaSteelCurly pattern on the edges with a Rohu fish in the middle, "Bangladesh" written on top and "Twenty-five 25 poisha" written at the bottom in Bangla.
50 poyshaDotted pattern on the edges with a dove/pigeon in the middle, "Bangladesh" written on the top and "Fifty 50 poisha" written at the bottom in Bangla.
1974 Series (FAO)
1 poyshaAluminiumNational emblemOrnamental design, floral patterns1974
5 poyshaA plough in the middle of a half-cogwheel saying the words "Increase production"
10 poyshaSerrated on scalloped edges, with flowers plants and running tractor with text saying "Green Revolution"
25 poyshaSteelFish, egg, bananas and a gourd with the text "Food for all"
50 poyshaVariousFish, banana, chicken and pineapple in the middle circle1977
1977 Series (FAO)
5 poyshaAluminiumNational emblemPlough and cogwheel1977
10 poyshaA family sitting facing each other
25 poyshaSteelRoyal Bengal tiger
50 poyshaHilsha fish, chicken, pineapple, banana
Other Issues
50 poysha (small)SteelNational emblemHilsha fish, chicken, pineapple, banana2001
৳1 (Line-edged)A family figure, slogan "Planned family – Food for All"2002
৳1 (Silver Jubilee Edition)BrassA family figure, slogan "Planned family – Food for All"1996
৳2SteelEducation for All slogan with two children studying2004
৳5Jamuna Multipurpose Bridge1994
Last Issues
Bengali: 1SteelNational EmblemSheikh Mujibur Rahman2010
Bengali: 2Sheikh Mujibur Rahman2010
Bengali: 5Bangladesh Bank logo2012
Special Issues (Uncirculated)
৳1 (Martyr's Edition)SilverPicture of the National Martyrs' Memorial and text which says "20th Victory Day of Bangladesh–1991"A picture of the Bir Sreshtho with words "16th December–20th Victory Day"1991
৳1 (Summer Olympics Edition)SilverNational EmblemTwo athletes running with a fire torch with text "25th Olympic Games 1992"1992
৳1SilverNational EmblemTwo spotted deer with the heading "Endangered Wildlife"1993
৳10 (Silver Jubilee of BB)SilverNational EmblemPicture of Bangladesh Bank with the title "Bangladesh Bank Silver Jubilee 1971–1996"1996
৳10 (Silver Jubilee of BD)SilverNational Martyrs' Memorial with the text "Silver Jubilee of Bangladesh's Victory"Sheikh Mujibur Rahman with the same text on the coin's back1996
৳10 (Bangabandhu Bridge Edition)90% Silver and 10% NickelMartyr Statue with the title "Invincible Bangla" and heading "Inauguration of Bangabandhu Bridge 1998"Picture of Bangabandhu Bridge with the same heading on the coin's reverse1998
৳20 (Bangabandhu Bridge Edition)SilverSheikh Mujibur Rahman with the heading "Inauguration of Bangabandhu Bridge 1998"Picture of Bangabandhu Bridge with the same heading in the coin's reverse1998
৳20 (IMD Edition)GoldShaheed Minar with the date 21st February with heading International Mother Language DayLogo of Bangladesh Bank2000
৳10 (World Cup Edition)SilverThe picture of the World cup with "Bangladesh Bank" writtenICC World Cup Logo with being held in Bangladesh in 20112011
৳10 (Rabindranath Edition)SilverA poem of Rabindranath Tagore and his autographPicture of Rabindranath Tagore with the title "150th Birth Anniversary of Rabindranath Tagore"2011
৳10 (Bidrohi Edition)SilverA quotation from the poem Bidrohi and the autograph of the National PoetPicture of young Kazi Nazrul Islam with the heading "90 Years of the poem Bidrohi 1921-2011"2011
৳10 (Victory Edition)SilverPicture of 6 Muktijoddha waving guns with the title "40th Victory Anniversary of Bangladesh"Picture of Sheikh Mujibur Rahman with the 7th March Speech quote with his name in English at the bottom2011
৳100 (Museum Edition)SilverLogo of Bangladesh Bank with Bangla writing "Centenary of Bangladesh National Museum 1913–2013"100 taka written on left and right with a terracotta plaque of 18th century horsemen2013
৳100 (Mujib Centenary EditionGold and Silver (dual variant)Logo of Bangladesh Bank with text "Father of the Nation Bangabandhu Sheikh Mujibur Rahman"Portrait of Sheikh Mujibur Rahman with the text in Bangla2020
৳50 (Golden Jubilee Edition)Scallop-shaped in GoldBig number "50" which has the logo of Bangladesh Bank inscribed in the number "0" with the heading "Golden Jubilee of Independence"Portrait of Sheikh Mujibur Rahman with the heading in Bangla2021
৳50 (Japan-Bangladesh Relations Edition)SilverNational Martyrs' Memorial with the heading "Bangladesh-Japan Diplomatic Relations 50th Year Anniversary"The same heading written in the middle with a logo and pictures of a cherry blossom on top and a water lily at the bottom2022
৳100 (Padma Bridge Edition)Scallop-shaped, silverPicture of the Padma Bridge with the title "Padma Bridge–The symbol of National Pride" written in EnglishPortrait of Sheikh Mujibur Rahman with the title in Bangla2023
    • Poisha coins no longer minted since 2013 but all coins above 1 taka still legal tender.

Banknotes

Previous issues

First Series:Bangladesh introduced its first banknotes on 4 March 1972. At first 1 taka and 100 taka banknotes were introduced. Later 10 and 5 taka notes were added. This first issued series is commonly known as "Map Series". These banknotes are considered as emergency issue banknotes to replace the Pakistan rupee banknotes both with and without rubber stamp overprints.[12]
Map Series (1972)
Image Value Description Period
Obverse Reverse Obverse Reverse
৳1Map of BangladeshGuilloche patterns and "1" in Bengali ("১")4 March 1972-30 March 1974
৳5Map of Bangladesh and Bangabandhu Sheikh Mujibur RahmanGuilloche patterns and "5" in Bengali and English2 June 1972 – 1 April 1973
৳10Guilloche patterns and "10" in Bengali and English2 May 1972-1 April 1973
৳100Guilloche patterns and "100" in Bengali on and English4 March 1972-1 April 1973
Second Series: After issuing the first banknotes, there were many conspiracy theories, counterfeiting problems and rumours, so the government issued the second series. These second series banknotes were printed by Thomas De La Rue of England. First-issued banknotes were subsequently withdrawn from circulation by 30 April 1974 after having ceased to hold legal tender status from 30 March 1974.[13]
Thomas De La Rue Series (1972)
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳1Dark purple, light purple and khakiHand holding paddy riceThe emblem of Bangladesh2 March 1973
৳5RedBangabandhu Sheikh Mujibur RahmanShapla flowers1 September 1972
৳10GreenRural landscape of riverine Bangladesh2 June 1972
৳100GrayRiverscape of rural Bangladesh1 September 1972
Third Series: Bangladesh Government signed agreements with Thomas De La Rue and Bradbury Wilkinson at the same time. Both of them printed same denominations with different design almost at the same time. As a result, two different series were circulating at the same time.[13]
Bradbury Wilkinson Series (1972)
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳1Dark purple, light purple and khakiWoman pounding grainHand holding paddy rice, and the emblem of Bangladesh18 December 1973
৳5RedBangabandhu Sheikh Mujibur RahmanFactories by a river15 September 1972
৳10GreenRural scene15 October 1973
Fourth Series: During 1976 a completely new series of notes was introduced, with the exception of the 1-taka note, which was released as the second variety of the third issue during 1976. The notes of this issue are notable for the absence of the portrait of Sheikh Mujib, whose portrait had dominated all issues of the Bangladesh Bank until this issue. Instead of the familiar portrait, each note has an illustration of the Star Mosque on its front. 50 and 500 taka denomination was added in this series. 5,10,50 and 100 taka denominations were printed by Thomas De La Rue. 500 taka notes were printed by Giesecke and Devrient of Germany.[14]
Star Mosque Series (1976)
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳5BrownStar MosqueFactories by a river11 October 1976
৳10PurpleRice harvest11 October 1976
৳50OrangeTea garden1 March 1976
৳100Orange and blueRiver scene1 March 1976
৳500Blue, purple and blackSupreme Court of Bangladesh15 December 1976
Fifth Series: The fifth issue of banknotes was introduced over a two-year period from December 1977 to September 1979. The notes of this issue are very similar to those of the fourth issue; except the 'Star Mosque' was replaced on most notes by a new vignette and the colours of the notes are a little darker. There was no 500-taka note released in this issue, but a new denomination note of 20 taka was introduced on 20 August 1979, being the last note of this issue prepared by the Bangladesh Bank.
Fifth Series (1977)
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳1Orange and yellowThe emblem of BangladeshThree spotted deer3 September 1979
৳5BrownMihrab of the Kusumba MosqueFactories by a river2 May 1978
৳10PurpleAtia MosqueRice harvest3 August 1978
৳20GreenChoto Sona MosqueJute washing20 August 1979
৳50OrangeSat Gambuj MosqueTea garden4 June 1979
৳100Blue and brownStar MosqueSouthern gate of Lalbagh Fort15 December 1977
Sixth Series: During the 1980s, some designs of taka notes were introduced, but most of the designs were the same. A new denomination of taka 2 note was also introduced. 10 and 50 takas were redesigned. Other denominations were the same as the previous series.
1980s Banknotes
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳2Salmon pink and greenShaheed MinarThe doyel (the national bird)29 December 1988
৳10CopperAtia MosqueSpillway of Kaptai Dam3 September 1982
৳50RedNational Martyrs' MemorialJatiya Sangsad Bhaban24 August 1987
Seventh Series: During the 90s newly designed banknotes of 10,50 and 500 taka were printed. 10 taka note had a portrait of Bangabandhu.
90s Series
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳10Green and brownSheikh Mujibur Rahman and Lalbagh Fort Mosque11 December 1997
৳50OrangeJatiya Sangsad BhabanBagha Mosque22 August 1999
৳500Blue and orangeNational Martyrs' MemorialSupreme Court of Bangladesh2 July 1998
Eighth Series: This series was printed between 2000 and 2001. A polymer banknote of denomination 10 was added, but later withdrawn due to lack of popularity. Paper notes of denomination 100 and 500 were printed with new designs. A portrait of Sheikh Mujibur Rahman was added on each new note replacing the National Martyrs' Memorial Monument.
Bangabandhu Series (2000)
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳10PinkSheikh Mujibur Rahman and Baitul Mukarram National MosqueJatiya Sangsad Bhaban2000
৳100BlueBangabandhu Sheikh Mujibur Rahman an Sixty Dome MosqueJamuna Bridge15 March 2001
৳500Cream and PinkBangabandhu Sheikh Mujibur Rahman and Sat Gambuj MosqueSupreme Court of Bangladesh10 August 2000
Ninth Series: After a change in government new series of banknotes were introduced in 2002–2003. The portrait of Bangabandhu was absent in this series. In 2008, 1000 taka note was introduced for the first time.
Ninth Series
Image Value Main Color Description First Issue
Obverse Reverse Obverse Reverse
৳10PinkNational emblem and Baitul Mukarram National MosqueJatiya Sangsad Bhaban7 January 2002
৳20GreenChoto Sona MosqueWashing jute13 July 2002
৳50Yellow and copperJatiya Sangsad BhabanBagha Mosque12 May 2003
৳100BlueNational Martyrs' Memorial and Sixty Dome MosqueJamuna Bridge5 June 2002
৳500Cream and pinkNational Martyrs' Memorial and Sat Gambuj MosqueSupreme Court of Bangladesh17 July 2002
৳1000PinkShaheed MinarCurzon Hall, Dhaka University27 October 2008

Current Circulating Banknotes

The Bangladesh Bank has issued a new series of banknotes, phasing out the older designs for new, more secure ones. All banknotes other than the 1 taka feature a portrait of Sheikh Mujibur Rahman on the obverse along with the watermark of the National Martyrs' Memorial.[15]

Bangabandhu Series (Latest Issue)[16]
Image Value Dimensions Main Color Description Date of Issue
Obverse Reverse Obverse Reverse Watermark
৳2100 × 60 mmTan & GreenSheikh Mujibur RahmanShaheed Minar, DhakaNational Martyrs' Memorial and
electrotype denomination
15 July 2021[17]
৳5110 × 65 mmGreyKusumba Mosque5 January 2017
৳10115 × 65 mmPinkBaitul Mukarram National Mosque7 March 2012
৳20120 × 65 mmGreenSixty Dome Mosque7 March 2012
৳50131 × 65 mmOrangePloughing (Zainul Abedin's painting)15 December 2019
৳100139 × 65 mmBlueStar Mosque9 August 2011
৳200139 × 65 mmYellowSheikh Mujibur Rahman, agriculture in Bangladesh17 March 2020
৳500147 × 65 mmCyanAgriculture in Bangladesh9 August 2011
৳1000155 × 65 mmVioletJatiya Sangsad Bhaban9 August 2011

Commemorative Banknotes

The folder of the banknote for the 40th anniversary of the independence of Bangladesh had a spelling error of the name of the country. It was inserted as Bangldesh instead of Bangladesh.[18]

Commemorative banknotes of the Bangladeshi taka
Value Dimensions Main Colors Description Year of Issue Date of First IssuePrint VolumeWatermark
Obverse Reverse
Bengali: 10Violet on multicolor underprintAtiya Jam-e Mosque in TangaliSpillway of Kaptai Dam1996Modified tiger head; overprint on obverse watermark area: "VICTORY DAY SILVER JUBILEE '96"
Bengali: 40122 x 60 mmDark red, orange, and greenBangabandhu
National monument (Savar)
Soldiers201121 December 2011Sheikh Mujibur Rahman, electrotype 10 denomination and bank logo
Bengali: 60130 x 60 mmYellow, brown, violet, orange, and blueShaheed Minar monumentVeterans of the Language Movement, first Shaheed Minar monument (1952)201215 February 201220,000(5000 in folders)Sheikh Mujibur Rahman on pixelated background, electrotype bank logo and 50
Bengali: 25123 x 60 mmBlue, purple and redNational Martyr's Monument in Savar, Bangladeshi taka banknotes and postage stamps, three spotted deer, magpie-robin (doyel)Headquarters of the Security Printing Corporation201326 January 2013Sheikh Mujibur Rahman, electrotype 10 denomination and bank logo
Bengali: 100140 x 62 mmBlue and red18th-century terra-cotta plaque of a horsemanBangladesh National Museum20139 July 2013100,000(11,000 in folders)Sheikh Mujibur Rahman on a pixelated background, electrotype 100 denomination and bank logo
Bengali: 70140 x 62 mmPurple, orange and greenSheikh Mujibur Rahman; map of Bangladesh; National Martyrs' Memorial in Savar; Betbunia Satellite CenterBangabandhu-1 satellite in orbit above earth; Padma Bridge; Prime Minister Sheikh Hasina; bank logo201822 March 2018Sheikh Mujibur Rahman on a pixelated background, electrotype 100 denomination and bank logo
Bengali: 100140 x 62 mmRed, orange and yellowPortrait of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman, Signature of Bangabandhu.Picture of the Sundarbans mangrove forest with The Royal Bengal Tiger and the riverbank view202018 March 2020[19] Sheikh Mujibur Rahman on a pixelated background, electrotype 100 denomination and bank logo
Bengali: 50Purple, light yellow and greenSheikh Mujibur Rahman; National Martyrs' Monument in Savar; logo for the golden jubilee of independenceFreedom Fighters of the Liberation Army2021Sheikh Mujibur Rahman on a pixelated background, electrotype 50 and bank logo

Exchange Rates

Historic exchange rates

Upon Bangladesh's independence, the value of the Bangladeshi taka was set between ৳7.5 and ৳8.0 to US$1. Except for fiscal year 1978, the taka's value relative to the US dollar declined every year from 1971 through the end of 1987. To help offset this phenomenon, Bangladesh first used the compensatory financing facility of the International Monetary Fund in fiscal year 1974. Despite the increasing need for assistance, the Mujib government was initially unwilling to meet the IMF's conditions on monetary and fiscal policy. By fiscal year 1975, however, the government revised its stance, declaring a devaluation of the taka by 56 percent and agreeing to establishing the Bangladesh Aid Group by the World Bank.[20]

Between 1980 and 1983, the taka sustained a decline of some 50 percent because of a deterioration in Bangladesh's balance of payments.[20] Between 1985 and 1987, the taka was adjusted in frequent incremental steps, stabilising again around 12 percent lower in real terms against the US dollar, but at the same time narrowing the difference between the official rate and the preferential secondary rate from 15 percent to 7.5 percent.[20] Accompanying this structural adjustment was an expansion in trade conducted at the secondary rate, to 53 percent of total exports and 28 percent of total imports.[20] In mid-1987, the official rate was relatively stable, approaching less than ৳31 to US$1.[20] In January 2011, US$1 was equivalent to approximately ৳72,[21] as of 21 April 2012, US$1 was worth close to ৳82, and as of 9 September 2015 US$1 valued ৳77.

Bangladeshi taka per currency unit averaged over the year (January of every year)! Currency !! ISO code !! 1971 !! 1981 !! 1991 !! 1996 !! 2000 !! 2001 !! 2005 !! 2007 !! 2008 !! 2009 !! 2010 !! 2011 !! 2012 !! 2013 !! 2014 !! 2015!2024(Aug)
USD 7.86 18.31 36.75 40.8 50.82 53.84 58.11 67.29 67.34 67.40 68.11 69.84 81.64 78.31 76.45 78.85117.52
JPY 0.02 0.09 0.27 0.38 0.48 0.46 0.56 0.55 0.62 0.74 0.74 0.84 1.06 0.88 0.73 0.640.80
Soviet ruble (until 1993)
Russian ruble (1993 – present)
SUR
RUB
14.93 29.00 55.12 8.16 1.85 1.91 2.17 2.62 2.79 2.14 2.31 2.35 2.66 2.63 2.29 1.201.30
EUR 51.48 50.57 76.37 87.45 98.99 90.01 97.28 93.26 105.26 103.98 104.22 89.26128.41
GBP 18.92 44.02 71.01 62.48 83.23 79.59 109.35 131.74 132.6 97.66 110.01 110.04 126.57 125.19 125.90 116.13150.08
CHF 1.8 10.08 28.89 34.63 31.97 33.07 49.38 53.73 60.99 60.23 65.87 73.1 86.91 84.7 84.66 81.26135.28
HKD 1.31 3.53 4.685.28 6.53 6.9 7.45 8.62 8.62 8.69 8.77 8.97 10.51 10.1 9.85 9.8615.08
MYR 2.55 8.23 13.54 15.97 13.37 14.16 15.25 19.12 20.54 18.86 20.06 22.71 26.14 25.68 23.14 21.4126.37
KWD 22.0964.51128.73 136.25 167.01176.05 197.82 231.69 245.83 235.31 236.52 247.62 292.46 277.6 270.16 259.66383.78
SAR 1.75 5.5 9.79 10.88 13.55 14.35 15.49 17.93 17.92 17.95 18.14 18.6 21.76 20.87 20.38 20.3631.31
AED 1.65 4.89 9.96 11.11 13.84 14.6515.82 18.31 18.3318.34 18.54 19.01 22.22 21.31 20.81 20.8232

See also

External links

Notes and References

  1. Web site: Inflation . Bangladesh Bank . https://web.archive.org/web/20220208145544/https://bb.org.bd/econdata/inflation.php . 8 February 2022.
  2. News: Devnath . Arun . 8 May 2024 . Bangladesh Introduces Crawling Peg for Taka as Rates Raised . https://web.archive.org/web/20240509000201/https://financialpost.com/pmn/business-pmn/bangladesh-introduces-crawling-peg-for-taka-as-rates-raised . 9 May 2024 . 9 May 2024 . Bloomberg . Financial Post.
  3. Encyclopedia: taka . The American Heritage Dictionary of the English Language . 2022 . 5th . HarperCollins Publishers . 25 February 2022 . 31 March 2022 . https://web.archive.org/web/20220331135258/https://www.ahdictionary.com/word/search.html?q=taka . live .
  4. Web site: Taka . . 5 January 2020 . 16 January 2020 . https://web.archive.org/web/20200116221558/http://en.banglapedia.org/index.php?title=Taka . live .
  5. Book: Linzmayer . Owen . The Banknote Book . Bangladesh . 2012 . 27 April 2012 . 29 August 2012 . https://web.archive.org/web/20120829063428/http://www.banknotebook.com/ . live .
  6. Web site: Bangladesh new note family confirmed . banknotenews.com . 6 September 2011 . 17 September 2011 . https://web.archive.org/web/20110917192333/http://banknotenews.com/files/17fc6d132aefa8953adbc584b2fc6012-1646.php . dead .
  7. Web site: Bangladesh new 10-, 20-, and 50-taka notes confirmed . banknotenews.com . 28 February 2012 . 6 October 2012 . https://web.archive.org/web/20121006122059/http://banknotenews.com/files/cd92830c856dc2ee5a757cc8574736b7-1990.php . dead .
  8. Web site: Bangladesh new 40-taka commemorative confirmed . banknotenews.com . 25 January 2012 . 7 April 2012 . https://web.archive.org/web/20120407223735/http://www.banknotenews.com/files/0ec11f5c0f3ad65ff21d3d25484a80a2-1891.php . dead .
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