14 Interesting Facts about the Bangladeshi Currencies

Bangladesh achieved its independence from Pakistan in the year 1971 following a bloody civil war. Before that it was known as East Pakistan. After independence, Bangladesh slowly started the process of rebuilding its economy which was in a very bad condition as a result of the civil war. With the active assistance of India, China, and several other countries, it is now one of the fastest growing economies of the South and South East Asian region. Thus, keeping in mind the importance of fast growing Bangladeshi economy we have prepared here a list of interesting facts about the currency of Bangladesh.

  1. The currency of Bangladesh is known as Taka. Taka is believed to be derived from the Sanskrit term Tangka which is an old term for silver coins used for ages in South Asia.
  2. Before the independence of Bangladesh in 1971, the Bengalis of East Pakistan used the Pakistani Rupee as their medium of exchange. The Pakistani Rupee was printed in both Bengali and Urdu prior to 1971 as Bengali was regarded as the national language of the Pakistan Union along with Urdu.
  3. The Bangladeshi Taka was officially introduced on March 4th 1972.
  4. The Bangladeshi Taka is further divided into 100 sub-units known as Poisha.
  5. The Bangladesh Bank is responsible for the printing of currency notes of denominations higher than 10 Taka video porno. The currency notes of smaller value such as 1, 2, and 5 Taka are printed under the supervision of the Ministry of Finance of the Bangladesh Government.
  6. The Taka bears the portrait of the Father of Nation of Bangladesh Sheikh Mujibur Rahman. It was largely due to Mujib’s leadership which enabled the Bengalis to wage successfully the war of liberation against Pakistani authority.
  7. The highest denomination of Bangladeshi Taka is of 1000 Taka which was introduced in 2008.
  8. Now-a-days, the currency notes of smaller denominations are becoming increasingly obsolete and replaced by the coins.
  9. The first series of coins were introduced in 1973 of 5, 10, 25, and 50 Poisha denominations.
  10. 1974 saw the introduction of a much smaller value coin of 1 Poisha whereas in 1975, a 1 Taka coin was circulated in the market. In 1994, to keep pace with the market demands, a 5 Taka coin was introduced in the market.
  11. The old 1 Taka coins were made of an alloy of copper and nickel. But the newer issues of these 1 Taka coins are made of steel. 5 Taka coins and the newly circulated 2 Taka coins of 2004 are also made of steel.
  12. The coins typically represented the natural resources of Bangladesh. Some of the coins carried the figures of Hilsa fish and Royal Bengal Tiger- two animals which are considered the pride of Bangladesh on the obverse.
  13. Similarly, the Bangladesh Bank has so far issued several commemorative currency notes to mark special occasions. For example, 2011 saw the 40th anniversary of the independence of Bangladesh. The Bangladesh Bank issued a special 40 Taka currency note on this occasion.
  14. In 2012, to commemorate the martyrdom of those who fell in the historic Language Movement of 1952 the Bangladesh Bank issued a special 60 Taka note which bears the picture of the Shaheed Minar Monument of Dhaka.