Bangladeshi Taka

About The Bangladeshi Taka: The Currency of Bangladesh

Quick Facts About the Bangladeshi Taka Notes

Country of Origin	Bangladesh
Symbol	৳ or Tk
Currency Code	BDT
Nick Names
Minor units	Poisha
Denominations (Banknotes)	৳5, ৳10, ৳20, ৳50, ৳100, ৳200, ৳500 and ৳1000
Motto
Identification Feature	The ৳5, ৳10 and ৳100 notes feature the map of Bangladesh and Bangabandhu Sheikh Mujibur Rahman on the obverse side.
Issuing Bank	Bangladesh Bank
In Circulation Since	March 4, 1972
INR Exchange Rate	0.8691 🔄

Bangladesh, nestled in South Asia, has a population of over 165 million people and uses taka as its national currency. The symbols "৳" and "Tk" are by far the most common representations of the taka.

The take is a very recent addition to the world of currencies. It is the responsibility of the Bangladesh Bank to issue banknotes with a face value of ten or more, whereas it is the responsibility of the Ministry of Finance to produce banknotes with a face value of between two and five.

In fact, the Bangladeshi taka currency is subdivided into poishas, with 1 taka being equal to 100 poishas.

The current rate of Bangladeshi taka is INR 0.8691 🔄.

History of the Bangladeshi Taka

In 1972, Bangladesh began using its current currency, the taka, which was pegged to the Pakistani rupee at the time. The Bangladesh Bank started issuing its own banknotes in 1972, with denominations of 1, 5, and 100 Bangladeshi taka. The year 1977 saw the release of the first fifty banknotes, followed by five hundred in 1979 and twenty bills in 1982. 2008 was the first year that banknotes with a face value of one thousand were put into circulation. And 2011 saw the introduction of a whole new series of banknotes by the Bangladesh Bank, which featured denominations of 2, 5, 100, 500, and 1000. All of them have a watermark and a picture of Bangabandhu Sheikh Mujibur Rahman, the father of the nation, standing in front of the National Martyr's Monument in Savar, and all of them have the year 2011 written on them. And finally, on March 17, 2020, the brand new 200 taka banknotes were issued by the Bangladesh Bank.

Countries Accepting the Bangladeshi Taka

Amount in the Bangladeshi Taka You Should Carry for Your Trip

On your trip, you can require Bangladeshi taka, depending on what kind of activities you are planning to undertake on your trip. The cost of getting to your destination, transportation, accommodation, as well as the cost of the food that is available there, will all have an effect on your overall travel budget. Travelers to Bangladesh who are on a tight budget should anticipate spending close to BDT 4,000 per day, per person, while they are there. The price of a day's vacation for two people can easily reach BDT 10,000 if they choose to take advantage of private transportation, dine at restaurants with Michelin stars rather than eating at less expensive local joints, and stay in hotels with three stars or more.

Between BDT 1,000 and BDT 2,500 per person per day is the average cost of a night's stay across the country. The cost of transportation on a daily basis can range anywhere from BDT 500 to BDT 1,000 per day depending on whether or not you want to take public or private transportation. You can also convert your Bangladeshi taka to Dollar for the ease of travelling outside of Bangladesh by keeping an eye on the live Bangladeshi taka rate.