Bangladeshi taka

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Bangladeshi taka

Value fluctuation

At independence the value of the taka, Bangladesh's unit of currency, was set between 7.5 and 8.0 to US$1. With the exception of fiscal year 1978, the taka's value relative to the dollar declined every year from 1971 through the end of 1987. To help offset this phenomenon, Bangladesh first used the compensatory financing facility of the International Monetary Fund in fiscal year 1974. Despite the increasing need for assistance, the Mujib government was initially unwilling to meet the IMF's conditions on monetary and fiscal policy. By fiscal year 1975, however, the government revised its stance, declaring a devaluation of the taka by 56 percent and agreeing to the establishment by the World Bank of the Bangladesh Aid Group.

Between 1980 and 1983, the taka sustained a decline of some 50 percent because of a deterioration in Bangladesh's balance of payments. Between 1985 and 1987, the taka was adjusted in frequent incremental steps, stabilizing again around 12 percent lower in real terms against the United States dollar, but at the same time narrowing the difference between the official rate and the preferential secondary rate from 15 percent to 7.5 percent. Accompanying this structural adjustment was an expansion in the amount of trade conducted at the secondary rate, to 53 percent of total exports and 28 percent of total imports. In mid-1987, the official rate was relatively stable, approaching Tk31 to US$1.

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	Value	Composition	Obverse	Reverse	Date of first minting
		5 poisha	AluminiumAluminium Summary Aluminium or aluminum is the chemical element in the periodic table that has the symbol Al and atomic number 13...	National emblemCoat of arms of Bangladesh The National Emblem of Bangladesh was adopted shortly after independence in 1971....		1973
		10 poisha
		25 poisha	SteelSteel Steel is a metal alloy whose major component is iron, with carbon content between 0.02% and 1.7% by weight....		RohuRohu Rohu is a fish of the carp family Cyprinidae, found commonly in rivers and freshwater lakes in and around the South Asia and...
		50 poisha
1974 Series
		1 poisha	AluminiumAluminium Aluminium or aluminum is the chemical element in the periodic table that has the symbol Al and atomic number 13...	National emblemCoat of arms of Bangladesh The National Emblem of Bangladesh was adopted shortly after independence in 1971....	Ornamental design, floral patterns	1974
		5 poisha
		10 poisha
		25 poisha	SteelSteel Steel is a metal alloy whose major component is iron, with carbon content between 0.02% and 1.7% by weight....
		1 taka	Various		Four human figures, slogan "Planned family - Food for All"	1975
1977 Series
		5 poisha	AluminiumAluminium Aluminium or aluminum is the chemical element in the periodic table that has the symbol Al and atomic number 13...	National emblemCoat of arms of Bangladesh The National Emblem of Bangladesh was adopted shortly after independence in 1971....	Plough, Industrial wheel	1977
		10 poisha			A man and a woman seated on 2 back steeds facing each other
		25 poisha	SteelSteel Steel is a metal alloy whose major component is iron, with carbon content between 0.02% and 1.7% by weight....		Royal Bengal TigerBengal Tiger The Bengal tiger or Royal Bengal tiger is a subspecies of tiger found in parts of India, Bangladesh, Nepal, Bhutan, an...
		50 poisha			Hilsha fish, Chicken, Pineapple, Banana
Newer Issues
		2 taka	SteelSteel Summary Steel is a metal alloy whose major component is iron, with carbon content between 0.02% and 1.7% by weight....	National emblemCoat of arms of Bangladesh The National Emblem of Bangladesh was adopted shortly after independence in 1971....	Education	2004
		5 taka			Jamuna Multipurpose BridgeJamuna Bridge Jamuna Bridge, more correctly called the Jamuna Multi-purpose Bridge, opened in June 1998, is the longest bridge in Ba...	1994

Bangladeshi taka

Value fluctuation

Coins

See also

External links