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bangladesh currency taka
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Bangladesh currency

The Taka (Bengali:
টাকা, sign: ৳ or Tk,
code: BDT) is the
currency of Bangladesh.
Bangladesh Bank being
the central bank of the
country controls the
issuance of the
currency except ৳1 and
৳2 notes, which are the
responsibility of the
Ministry of Finance of
the government of
Bangladesh
. The most commonly
used symbol for the
Taka is Tk and ৳, used
on receipts while
purchasing goods and
services. ৳1 is
subdivided into 100
poisha.
In Bengali, the word
"taka" is also commonly
used generically to
mean any money,
currency, or notes.
Thus, colloquially, a
person speaking Bengali
may use "taka" to refer
to money regardless of
what currency it is
denominated in. The
currency sign is encoded
in Unicode at U+09F3 ৳
bengali currency sign
(HTML: ৳).
History
In 1971 when
Bangladesh got
independence from
Pakistan, the Pakistan
Rupee was the interim
currency. The taka
became Bangladesh's
currency in 4 March
1972, replacing the
Pakistani rupee at par.
The word "taka" is
derived from the
Sanskrit term tangka
(ṭaṃka) which was an
ancient denomination
for silver coins. 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 paisa and in the
south India, it was
equal to four paisa or
one anna. It was only in
Bengal where taka was
equal to rupee. In all
areas of India, taka
was used informally for
money in general.
However, Bengal was
the stronghold of 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 continued to
use the word taka for
the rupee, whether
silver or gold. Ibn
Battuta, the
fourteenth-century
Arab traveller, noticed
that, in Bengal, people
described gold coins
( Dinar) as gold taka and
silver coin as silver taka.
In other words,
whatever might be the
metallic content of the
coin, the people of
Bengal called it taka.
When the Pakistan
Rupee was issued prior
to 1971 bearing both
Urdu and Bengali
alphabets (the official
languages of the West
and East zones
respectively), the word
taka was continued to
be used in Bengali
version instead of
rupiya of the Urdu
version.


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