Bangladeshi Taka flag

Bangladeshi Taka

টাকা

Currency Code

BDT

ISO 050

Symbol

BDT

Native: ৳

Decimal Digits

2

Rounding: 0

Countries

BD

Using this currency

Currency Units

Major Unit

Name: taka

Symbol: ৳

Minor Unit

Name: poisha

Symbol:

Value: 0.01

Banknotes

Frequently Used

৳2৳5৳10৳20৳50৳100৳500৳1000

Rarely Used

৳1

Coins

Frequently Used

৳1৳2৳5

Rarely Used

1 poisha5 poisha10 poisha25 poisha50 poisha

Plural Forms

English Plural

Bangladeshi takas

Native Plural

টাকা

Overview

The Bangladeshi Taka is the currency of Bangladesh, managed by Bangladesh Bank. It has been relatively stable in recent years as Bangladesh has experienced strong economic growth.

Economy

  • Bangladesh is a member of SAARC, OIC, Commonwealth, D-8, BIMSTEC.
  • Main industries include: Textiles, Jute, Garments, Tea processing, Paper newsprint, Cement, Chemical fertilizer.
  • Bangladesh is part of the World Trade Organization.
  • Imports are cotton, machinery, chemicals, iron and steel, foodgrains.
  • Major exports include garments, knitwear, agricultural products, frozen foods, jute, leather.
  • GDP: $460.2 billion (2023 est.).
  • GDP per capita: $2,765 (2023 est.).
  • Unemployment rate: 5.1% (2023 est.).
  • Inflation rate: 9.5% (2023 est.).
  • Main trading partners: United States, Germany, United Kingdom, Spain, France, Italy.
  • Trade agreements: SAFTA, Asia-Pacific Trade Agreement, Various bilateral agreements.

History

  • Previous currencies used: Pakistani rupee, Indian rupee (colonial period).
  • The taka was introduced in 1972 after Bangladesh's independence, replacing the Pakistani rupee. The name 'taka' comes from the ancient Sanskrit word for silver coin.
  • 1972: BDT introduced, replacing Pakistani rupee
  • 1975: Bangladesh Bank established as central bank
  • 1976: First commemorative coins issued
  • 2000: Introduction of new banknote security features
  • 2011: New polymer banknote series introduced
  • 2023: Digital payment systems expansion
  • Exchange rate peg: Managed float with periodic interventions.

General Information

  • ISO 4217 Code: BDT
  • Symbols: BDT/৳
  • Currency Subunits: 100 poisha
  • Central Bank: Bangladesh Bank
  • Monetary Policy: Managed floating exchange rate with inflation targeting framework. Focus on price stability while supporting export-oriented growth.
  • Bills: 2 BDT, 5 BDT, 10 BDT, 20 BDT, 50 BDT, 100 BDT, 200 BDT, 500 BDT, 1000 BDT
  • Coins: 1 poisha, 5 poisha, 10 poisha, 25 poisha, 50 poisha, 1 taka, 2 taka, 5 taka
  • USD Exchange Rate: Variable (approximately 110-120 BDT per USD)
  • Pegged To: None (Floating)
  • Capital: Dhaka
  • Population: 167,184,465 (2023 est.)
  • Area: 147,570 km²
  • Languages: Bengali (official), English
  • Time Zones: UTC+6 (Bangladesh Standard Time)
  • Government Type: Parliamentary republic
  • Head of Government: Prime Minister (head of government), President (head of state)
  • Independence: March 26, 1971 (from Pakistan)
  • Ethnic Groups: Bengali 98%, Other 2%
  • Religions: Muslim 89.1%, Hindu 10%, Other 0.9%
  • Literacy Rate: 74.9% (2019 est.)
  • Transport: Hazrat Shahjalal International Airport, Chittagong and Mongla ports, extensive road and rail networks, river transport
  • Communications: Expanding telecommunications, 39% internet penetration, widespread mobile usage
  • Energy: Natural gas 74%, Oil 9%, Hydroelectric 1%, Coal 3%, Other 13%
  • Countries Using This Currency: Bangladesh
  • Data Sources: Central Bank: Bangladesh Bank (bb.org.bd), Economic Data: Bangladesh Bureau of Statistics, World Bank, IMF, Trade Data: Export Promotion Bureau Bangladesh, Demographic Data: Bangladesh Bureau of Statistics, Geographic Data: Bangladesh Meteorological Department, Historical Data: Bangladesh Bank archives
  • Last Updated: 2025