Currency Rates for Bangladesh Taka
Bank Exchange Rates for Bangladesh - BDT - Bangladesh Taka - ৳. The foreign exchange rates for Bangladesh also known as the ISO code BDT or the Bangladesh Taka currency and as a symbol ৳.
One taka is subdivided into 100 Poisha and 1, 5, 10 and 50 poisha coins are in circulation, though they are rarely found and less frequently used. Frequently used coins are issued in denominations of 1, 2 and 5 Taka, whilst banknotes are available in denominations of 2, 5, 10, 20, 50, 100, 500 and 1,000 Taka.
The Bangladeshi Taka is the official currency
The currency of Bangladesh is called Bangladesh Taka of simply Taka. One Taka is divided into 100 paise or in local language, its called "Poisha". After the colonial rule of British in 1947, India was divided into three parts. The eastern part is known as East Pakistan (named in 1956) and the Pakistan. This two was made a wing of Pakistan. At that time, the Pakistani Rupee is being circulated in Bangladesh (East Pakistan). Like the Pakistan, Bangladesh also used the rubber stamp to over stamp the Pakistani note as 'Bangladesh". After the independence war of Bangladesh, in the year 1971, the circulation of the Pakistani rupee stopped. On 4th March 1971, Bangladesh officially circulated their currency as "Taka".
The coins are available in values of 1, 2, 5, 10, 50 paisa coins. But they found very rare now - a - days. The coins of 1 Taka, 2 Taka, 5 Taka is very common and frequently used now. As far as the banknotes are concerned, the notes are available in eight denominations like 1, 2, 5, 10, 20, 50, 100, 500 and 1000. Bank notes before the series 2011, was withdrawn completely and a new series was introduced from 2011 called Bangabandhu series 2011. These Bank notes have a portrait of Shaikh Mujibur Rahman at the front side of each note. The back side having different structures of portrait varied on different notes. From 9th March 2011, this noted series is only valid in Bangladesh.
On 14th December 2000, Bangladesh has introduced a new polymer note of Rupee 10 in the currency line. This note is so designed that it won't be damaged or tampered. It was also waterproof and fireproof. Reportedly, this was the only polymer note in Bangladesh. But soon after the release, this note has been suspended from the market due to the higher making cost of the note.
The value of the bangladeshi Taka has been declined since 1978. At this time the exchange rate of the Bangladeshi Taka is $1 = 80 to 83 Bangladeshi Taka. of Bangladesh, although “Taka” in Bangla national means money in general and many currencies in the region have the word “taka” included on their notes. A Sanskrit term “tangka” was an ancient denomination of silver coins, and it is believed that the name “Taka” derives from this. Send Money Transfer to Bangladesh.
GBP to BDT
Between 1971 and 1987, the taka’s value declined every year, increasing Bangladesh’s need for assistance, which worsened each year that the government refused, this forced a change in the government’s decision and in 1975, devaluation was announced, decreasing the value of the taka by 50% and initialising the Bangladesh Aid Group, established by the World Bank. Bank Exchange Rates for Bangladesh Taka. The foreign exchange rates for Bangladesh also known as the ISO code BDT. Send money transfer online with us with the cheapest options.