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LOCAL CURRENCY IN BANGLADESH

Would you like to know name of the currency in Bangladesh? The currency used in Bangladesh is called Taka.

The Bangladeshi Taka is issued and managed by the Bangladesh Bank. To find out the current currency exchange rates for Taka to other major currencies of the world, click on foreign currency rates.

Bangladeshi Currency Information
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The currency used in Bangladesh is called as the Taka. This currency is denoted with the currency sign and the ISO 4217 Code for the Bangladeshi Taka is BDT. The Taka, is the official currency of the Bangladesh . It is divided into 100 smaller units called poisha.

The constitution of Bangladesh provides that the Bangladesh government shall have the power to print the Bangladeshi Taka and poisha coins to be used as a legal tender in Bangladesh. The Bangladeshi Taka bank notes and Poisha coins are both designated as "legal tender" in payment of debts.

The Bangladeshi Taka bill uses the decimal system, consisting of 100 equal units.

The symbol , usually written before the numerical amount, is used for the Bangladeshi Taka.

Currently printed bank notes denominations are 2, 5, 10, 20, 40 (commemorative), 50, 60 (commemorative), 100, 500 & 1000 Taka 1 Taka and the coins are minted in the denominations of 1, 2, 5 Taka 1, 5, 10, 25 & 50 poisha.

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The Effect of Balance of Trade and Investment on Bangladeshi Taka
Financial analysts regularly cite the balance of trade and investment in Bangladesh as the most important influence on the value of the Taka. The difference between what the Bangladesh exports and imports in terms of goods and services to and from other countries can be obtained from a balance of trade statement.

The balance of investment on the other hand represents the difference in exports and imports of capital. If exports from Taka exceed imports from other countries, in either the balance of trade or balance of investments, it is called a surplus. The term deficit is used when the imports into Taka exceed exports to other countries. The points below go into detail to explain on how the balance of trade and balance of investments affect the Bangladeshi Taka.
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