Tuesday, March 29, 2011

HISTORY OF BANGLADESHI TAKA

HISTORY OF BANGLADESHI TAKA

In 1971, the erstwhile province of East Bengal became the independent nation of Bangladesh with the Pakistan Rupee as its interim currency. The taka became Bangladesh's currency in 1972, replacing the Pakistani rupee at par. The word "taka" is derived from the Sanskrit term तनक 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 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 and oriya people always used the word taka for the rupee, whether silver or gold. Ibn Battuta, the Arab traveller, 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 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 used in Bangla version instead of rupiya, as in Urdu version.


POUND:
Since 1971, the monetary system of Great Britain is based on the decimal system. The basic unit of British currency (currency of the United Kingdom and the Crown Dependencies) is the pound, which is divided into one hundred pence. (abbreviated as p).

The official full name pound sterling (plural: pounds sterling) is used mainly in formal language and also to distinguish the currency used within the United Kingdom from others that have the same name. (GBP = Great British Pound)

As a unit of currency, the term pound originates from the value of one pound Tower weight of high purity silver known as sterling silver. Sterling silver is an alloy of silver containing 92.5% pure silver and 7.5% other metals, usually copper. The word sterling is believed to come from the Old Norman French esterlin (meaning little star) transformed in stiere in Old English (strong, firm, immovable).

The currency sign is the pound sign, originally with two cross-bars, then later more commonly £ with a single cross-bar. The pound sign derives from the '£sd' pronounced, and sometimes written as 'LSD'. The abbreviation comes from librae, solidi, denarii (libra was the basic Roman unit of weight; the solidus and denarius were Roman coins). '£sd' was the popular name for the pre-decimal currencies pounds, shillings, pence of the Britain and other countries.

The coins in circulation: 1 penny, 2 pence, 5 pence, 10 pence, 20 pence, 50 pence, 1 pound, 2 pounds.
The notes (paper money) in circulation: £5, £10, £20, £50, and £100.

Scottish £1 notes are still in circulation in Scotland. The Channel Islands and the Isle of Man have some different coins and notes from the mainland but the monetary system is the same.
Those pictures are the old currency of Bangladesh.


Exchange of currency: 
In Bangladesh Bank do this kind of task. Bangladesh Bank is the central bank of Bangladesh. It also help the business organization in their import export business. It is very necessary tbe rate of one currency to others. Most of the countries convert their currency to USD. So it is necessary to know about the latest exchange rate of BDT (Bangladeshi Taka) against to USD.

To Know latest exchange rate against BDT to USD......CLICK HERE

Here are some picture or image of Bangladesh Bank note or Paper money. that i collect from

World Paper Money
Current Bank note:


Front size of 100 Taka Note
Front size of 05 Taka Note
Back size of 5 Taka Note