The taka is the currency of Bangladesh (also called Bangladesh in German), the official abbreviation is Tk. The currency is issued by the Central Bank of Bangladesh. 8 banknotes and 5 coins are in circulation in payment transactions. When it comes to coins, one speaks of Poisha, the unit of which is the Taka. The currency symbol for the taka is ৳. The ISO code that has been established by the International Organization for Standardization for all currency abbreviations is BDT.
History of the currency of Bangladesh
The currency was introduced in 1972 after East Pakistan became an independent state and has only been used in Bangladesh ever since. In the few decades, the currency was subject to strong fluctuations, which were triggered by permanent economic crises and numerous natural disasters. Tensions have eased lately, but the taka has continued to decline in value.
Since the exchange rate is subject to constant fluctuations, the currency converter is helpful. There you can find the exchange rate and convert a certain amount in euros into taka.
Exchange into the Bangladeshi currency
Credit cards are mainly accepted in major cities in Bangladesh. However, so that you can be solvent in all businesses in Bangladesh, it is advisable to have cash at your disposal. It makes little sense to exchange the euro for taka in Germany in advance, as you can only import and export 100 taka or 150 US dollars.
However, the German banks recommend exchanging euros for US dollars, as the taka is not common in Europe. In the beginning, you can use this to pay for your daily purchases, bills and souvenirs.
It is not a problem to do your bills of exchange there – but in shops or banks. However, it is recommended in shops, especially since they have better rates. It also makes sense to exchange euro bills from 100 EUR, as this promises a better rate.