Bangladeshi Taka (BDT)

TradingKey19 hours ago

The Bangladeshi taka (BDT) serves as the official currency of Bangladesh, a nation situated in South Asia. The taka has been the country's official currency since 1971, following Bangladesh's independence from Pakistan.

The Bangladeshi taka is divided into 100 poisha and is represented by the symbol “৳.” The exchange rate of the taka is influenced by the supply and demand dynamics in the foreign exchange market.

The Bangladeshi economy is primarily driven by the textile industry, which constitutes a significant portion of the nation's exports. Other important sectors in Bangladesh include agriculture, pharmaceuticals, and shipbuilding. Variations in these industries can impact the value of the taka.

The Bangladesh Bank, which is the central bank of the country, oversees the management of monetary policy and the issuance of currency in Bangladesh. Travelers to Bangladesh can typically exchange their foreign currency for Bangladeshi taka at banks, exchange bureaus, and certain hotels and airports.

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