Bangladeshi Taka (BDT)

Basic Concepts of Bangladeshi Taka

Bangladeshi Taka (BDT) is the official currency of Bangladesh, issued and managed by Bangladesh Bank. The currency code is BDT, the symbol is ৳, and the common abbreviation is Tk. The taka uses a decimal system where 1 taka is equal to 100 Paisa.

Countries of Use

Bangladeshi Taka is circulated as legal tender only within Bangladesh. It is widely used for day-to-day transactions, business activities and financial services in the country and is not officially used in other countries or regions.

Units and Denominations

The Bangladeshi Taka is available in note denominations including Tk. 1, 2, 5, 10, 20, 50, 100, 500, and 1,000, and in coin denominations of 1, 5, 10, 25, and 50 Poischa, as well as Tk. 1, 2, and 5. In recent years, Poischa coins have been used less frequently due to inflation.

Historical Background

The Bangladeshi Taka was officially introduced in 1972, replacing the previous Pakistani Rupee, to commemorate Bangladesh's War of Independence and nationhood. Initially pegged to the U.S. dollar, it moved to a floating exchange rate system. The design of the taka often reflects the country's culture, historical figures and landmarks, reflecting Bangladesh's national identity and economic development.