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The Bangladeshi Taka is the official currency of The People’s Republic of Bangladesh. Taka is represented by the symbol ৳ and by the abbreviation BDT. Taka is divided into smaller subunits called Poisha, which is hundredth of a Taka. The issuing of the currency is controlled by two monetary agencies, the Bangladesh Bank and by the Ministry of Finance. The smaller denomination banknotes of ৳2 and ৳5 are issued by the Ministry of Finance of the Bangladesh Government. The larger denominations ranging from ৳10 are issued by the Bangladesh Bank. The banknotes range from ৳2 to ৳1000 and coins from ৳1,৳ 2, ৳5 are mainly found. Converting Bangladeshi Taka to Indian rupee can result in an exchange rate of 1.2-1.3 BDT for 1 Indian rupee.
Bangladesh is one of the neighboring nations of India which was part of India before independence. Bangladesh is an Islam majority nation that shares its cultural roots to India. The economy of Bangladesh mainly consists of agriculture and export of goods. Bangladesh is the largest exporter of textiles after China. Bangladesh is one of the world’s fertile lands, agriculture employs percent of the country’s population. The nation also produces natural gas. Natural gases power most of the country’s power generators. There are also a large number of coal reserves in Bangladesh. Natural gas, coal, agricultural produces and textiles make up the economy. Various MNCs such as CitiBank and others have a significant investment in the banking and financial sector. Bangladesh has a high level of forex transactions after India. USD is another key transactional method in Bangladesh other than Taka. One USD on conversion to Bangladeshi taka is equal to 82-84 Bangladeshi Taka.
Even though Bangladesh is a neighboring nation, there is no huge demand for the Bangladeshi Taka in India. Hence converting Indian Rupee To Taka Currency can be difficult and Indian Rupee will not be accepted in Bangladeshi banks. Hence the most practical way is to carry US Dollar currency. They can be exchanged anywhere for Bangladeshi Taka.
| Currency | Bangladeshi Taka |
|---|---|
| ISO Code | BDT |
| Symbol | ৳ |
| Nick Name | None |
| Sub Units | Poisha (P){ 1 Taka= 100 {Poisha) |
| Denominations | |
| Notes | 2, 5, 10, 20, 50, 100, 500, 1000৳ |
| Coins | 1, 2, 5 ৳ and 50p |
| Valid in | Bangladesh |
The easiest way to avail BDT is by converting INR to USD and then convert USD to BDT in Bangladesh. USD is accepted everywhere in Bangladesh. You can convert INR to USD with Extravelmoney.com. Find out the vendor in your region that offers best exchange rate and place your order online. Shortly our customer care executive will contact you for completing the order. Make the payment online and you can even request the vendor to provide doorstep delivery of the forex and pick up the KYC documents.
Converting Bangladeshi Taka in India is quite difficult of the low demand in the forex market. Most banks and exchange houses won’t even accept the Bangladeshi currency. The most easy way is to convert Taka currency into USD before you leave Bangladesh. Then USD can be exchanged for INR in banks or exchange houses. With Extravelmoney.com you can find the best exchange rates for USD. Choose a vendor in your region with the best exchange rate and place your order online. Our customer executive will contact you for completing the order. You can request the vendor to pick up the forex and KYC documents from your home. Experience forex services without even leaving your home.
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