Bangladeshi Taka

The BDT, also known as the Bangladeshi Taka, is the official currency of Bangladesh. It is subdivided into 100 pice, and is also spelled as "taka" without the Bengali letter "ট". The BDT is the 8th most traded currency in the world. As of June 2016, the BDT was trading at around 78 to the US dollar. The history of the BDT can be traced back to the early 19th century, when the East India Company introduced the silver rupee as the first currency in Bengal. This was followed by the British Raj introducing the gold mohur in 1841 and the silver rupee in 1873. In 1876, the British government demonetized all silver and gold coins, and replaced them with the Indian rupee. The rupee remained the currency of Bengal until 1947, when Bengal was partitioned between India and Pakistan. After the partition, the Pakistani rupee replaced the Indian rupee in East Bengal. In 1961, the Pakistani government introduced a new currency, the Pakistani new rupee, which was equal to 100 Pakistani rupees. In 1972, Bangladesh introduced its own currency, the Bangladeshi taka, after the liberation war. The taka was initially pegged to the US dollar at a rate of 1 taka = 1.70 US dollars. The Bangladeshi economy has been through a lot of ups and downs since the introduction of the BDT. The currency was devalued in the early 1990s, and again in the late 2000s. However, the BDT has been relatively stable in recent years, and is currently trading at around 78 to the US dollar.