Currency of the Bangladesh taka

Miscellaneous dukehuge December 9, 2016 0 8
The taka is the currency of Banglasesh. The currency serves as legal tender in the Asian country. This article tells about the history, the exchange rate and the exchange rate of the taka. The taka is the currency of Banglasesh. The coin is divided into one hundred poisha. This is the equivalent of the penny as we know it in the Netherlands guilder and the euro earlier. The international code of the currency is BDT. The international abbreviation of the coin is ৳, ৲ and English tk.


In 1971 Bangladesh was then still called East Pakistan was dependent on Pakistan. Until then, the Pakistani rupee was still the national currency. This continued until 1972, when the taka on the scene. The name 'taka' comes from Sanskrit and refers to an ancient silver coin. The term taka was to then be used in different parts of India, but there was no central significance. In each part of India, the term was used in a different way. In northern India involved a silver coin and in the south was another description for the rupee.


The current coin issued by the Central Bank of Banglasesh. On the bills is also signed by the governor - the boss - of this bank. The only exception to the rule is the ticket of one taka. On it is the signature of the Minister of Finance. This is to indicate that the central government also contributes verantwoordelijkhed for the financial system and the issuance of currency.

Rate of the taka

When Bangladesh became independent was the taka at a rate of eight take against one US dollar. However, the currency began to lose rapidly in value. Therefore, the International Monetary Fund had to shoot quickly to help. The then government did not meet making the currency more than half of its value lost in 1975. The years that followed continued the trend by mid-1987 the exchange rate was 31 taka against one US dollar. In the years that followed, doortgezet the devaluation, albeit to a less violent degree.


There are several coins issued by the taka. First, there are coins of 1, 5, 10, 25 and 50 poisha. There are coins of 1, 2, and 5 taka. Albeit there have been some other coins, but these are rarely used. The coins are made of cupro-nickel, steel or aliminium.