Bangladeshi taka
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| Bangladeshi taka বাংলাদেশী টাকা (Bengali) | |||||
| |||||
| ISO 4217 Code | BDT | ||||
|---|---|---|---|---|---|
| User(s) | Bangladesh | ||||
| Inflation | 7.2% | ||||
| Source | The World Factbook, 2006 est. | ||||
| Subunit | |||||
| 1/100 | poisha | ||||
| Symbol | ৳, ৲ | ||||
| Coins | |||||
| Freq. used | 1, 2, 5 taka | ||||
| Rarely used | 1, 5, 10, 25, 50 poisha | ||||
| Banknotes | 1, 2, 5, 10, 20, 50, 100, 500 taka | ||||
| Central bank | Bangladesh Bank | ||||
| Website | www.bangladesh-bank.org | ||||
฿ • ₵ • ¢ • $ • ₡ • B/. • ₫ • € • ƒ • ₲ • ₭
£ • ₤ • ₥ • ₦ • ₱ • P • R • Sk • ₨
৲ • S/. • ৳ • R$ • $ • ₮ • ₩ • ¥ • zł • ₴ • ₪
Former signs
₳ • ₢ • ₰ • ₯ • ₠ • ₣ • Lm • ℳ • ₧ • I/.• Kčs
Image:Currency-Symbol Regions of the World circa 2006 cropped.png
The taka (Bengali: টাকা) is the currency of Bangladesh. It has the ISO 4217 code BDT and is subdivided into 100 poisha. The symbols ৳, ৲ and (in English) Tk are used to represent taka. For example, ৳৫০, ৳50 or Tk 50 would represent 50 taka.
Contents |
[edit] History
The taka became Bangladesh's currency in 1972, replacing the Pakistani rupee at par. The word "taka" is derived from the Sanskrit tanka which was an ancient denomination of silver coin. The term taka was widely used in different parts of India but with varying meanings. In north India, taka was a copper coin equal to two paise and in the south, it was equal to four paisa or one anna. It was only in Bengal and orissa where taka was equal to the rupee. In all areas of India, taka was used informally for money in general. However, Bengal was the stronghold of the taka.
The rupee was introduced by the Turko-Afghan rulers and was strongly upheld by the Mughals and the British rulers. The Bengali people always used the word taka for the rupee, whether silver or gold. Ibn Batuta noticed that, in Bengal, people described gold coins (Dinar) as gold tanka and silver coin as silver tanka. In other words, whatever might be the metallic content of the coin, the people called it taka. This tradition has been followed to this day in eastern regions like Bangladesh, West Bengal, Tripura, Orissa, and Assam. The Indian rupee is officially known as টাকা ṭaka in Bengali, টকা tôka in Assamese, and ଟଙ୍କା ṭôngka in Oriya, and is written as such on Indian banknotes.
[edit] Coins
In 1973, coins were introduced in denominations of 5, 10, 25 and 50 poisha. 1 poisha coins followed in 1974, with 1 taka coins introduced in 1975. The 1, 5 and 10 poisha were struck in aluminium, with the 25 and 50 poisha struck in steel and the 1 taka in cupro-nickel. The 5 poisha were square with rounded corners, whilst the 10 poisha were scalloped. Steel 5 taka were introduced in 1994, whilst a steel 2 taka coin followed in 2004.
1 and 5 poisha coins are rarely found in circulation. 10, 25, and 50 poisha coins do not circulate widely. Only the 1, 2 and 5 taka are regularly found in circulation.
| 1973 Series | ||||||
|---|---|---|---|---|---|---|
| Image | Value | Composition | Description | Date of first minting | ||
| Reverse | Obverse | Obverse | Reverse | |||
| Image:Bangladesh 04.gif | 5 poisha | Aluminium | National emblem | 1973 | ||
| Image:Bangladesh 07.gif | 10 poisha | |||||
| 25 poisha | Steel | Rohu | ||||
| 50 poisha | ||||||
| 1974 Series (FAO) | ||||||
| 1 poisha | Aluminium | National emblem | Ornamental design, floral patterns | 1974 | ||
| 5 poisha | ||||||
| Image:Bangladesh 10.gif | 10 poisha | |||||
| Image:Bangladesh 14.gif | 25 poisha | Steel | ||||
| Image:1tk.jpg | 1 taka | Various | Four human figures, slogan "Planned family - Food for All" | 1975 | ||
| 1977 Series (FAO) | ||||||
| Image:Bangladesh 08.gif | 5 poisha | Aluminium | National emblem | Plough, Industrial wheel | 1977 | |
| Image:Bangladesh 02.gif | 10 poisha | A man and a woman seated on 2 back steeds facing each other | ||||
| Image:Bangladesh 05.gif | 25 poisha | Steel | Royal Bengal Tiger | |||
| Image:Bangladesh 12.gif | 50 poisha | Hilsha fish, Chicken, Pineapple, Banana | ||||
| Newer Issues | ||||||
| 2 taka | Steel | National emblem | Education | 2004 | ||
| Image:5 taka coin.jpg | 5 taka | Jamuna Multipurpose Bridge | 1994 | |||
[edit] Paper money
In 1971, Pakistani notes for 1, 5 and 10 rupees were overstamped for use in Bangladesh. These were followed in 1972 by treasury notes for 1 taka and notes of the Bangladesh Bank for 5, 10 and 100 taka. In 1975, banknotes for 50 taka were introduced, followed by 500 taka in 1977 and 20 taka in 1980. 1 taka treasury notes were issued until 1984, with 2 taka treasury notes introduced in 1989.
In the year 2000, the government issued polymer 10-taka notes as an experiment (similar to the Australian dollar). They proved unpopular, however, and were withdrawn later. At present, the 1-taka and 5-taka notes are gradually being replaced with coins.
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[edit] See also
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues, Colin R. Bruce II and Neil Shafer (editors), 7th ed., Krause Publications. ISBN 0-87341-207-9.
[edit] External links
- Don's World Coin Gallery - Bangladesh
- Ron Wise's World Paper Money - Bangladesh Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Asia Mirror site
- The Global History of Currencies - Bangladesh
- Global Financial Data currency histories table (Image:Crystal 128 kspread.png Microsoft Excel format)
- Bangladesh Bank's page on currencies in circulation
Currencies of Asia | |
|---|---|
| Central | Afghan afghani · Kazakhstani tenge · Kyrgyzstani som · Mongolian tögrög · Russian ruble · Tajikistani somoni · Turkmenistani manat · Uzbekistani som |
| East | Chinese yuan · Hong Kong dollar · Japanese yen · Macanese pataca · North Korean won · New Taiwan dollar · South Korean won |
| South-East | Brunei dollar · Cambodian riel · Indonesian rupiah · Lao kip · Malaysian ringgit · Myanma kyat · Philippine peso · Singapore dollar · Thai baht · U.S. dollar (East Timor) · Vietnamese đồng |
| South | Bangladeshi taka · Bhutanese ngultrum · Indian rupee · Maldivian rufiyaa · Nepalese rupee · Pakistani rupee · Sri Lankan rupee |
| West | Armenian dram · Azerbaijani manat · Bahraini dinar · Egyptian pound · Euro (Cyprus) · Georgian lari · Iranian rial · Iraqi dinar · Israeli new sheqel · Jordanian dinar · Kuwaiti dinar · Lebanese lira · Omani rial · Qatari riyal · Saudi riyal · Syrian pound · Turkish new lira · UAE dirham · Yemeni rial |
ca:Taka cs:Bangladéšská taka de:Taka es:Taka fr:Taka bpy:বাংলাদেশি টাকা lmo:Taka Bangladeshi hu:Bangladesi taka mr:बांगलादेशी टका nl:Taka (munteenheid) ja:タカ (通貨) no:Taka pl:Taka pt:Taka simple:Taka sv:Taka tg:Такаи Бангладеш
