The modern history of Bangladesh as an independent state is only a few decades old. The official proclamation and recognition of the new state took place only in 1971. For a long time after gaining sovereignty, there was talk about the official monetary currency, which would be in use among the population. As a result, Bangladesh adopted its own money, which was named - taka, instead of the Pakistani rupee, which was in use. Poisha became a bargaining unit, which was equal to 1/100 of the same.
Foreign exchange ratio
It is worth recalling that the territory of Bangladesh at one time was the Pakistani part of India, where most of the Muslims lived, and the population spoke in Bengali. India for a long time was under the rule of the British crown, so it is not surprising that the equalization in all industries went to the Europeans. So in Bangladesh, after the proclamation of independence, the local taku was compared precisely with the British pound. And then the figure was about 19 so for 1 British pound sterling. In 1983, it was decided to define taku in terms of the US dollar.
Therefore, those wishing to spend time in such an exotic country as Bangladesh should stock up on dollars, because it is not so easy to buy Bangladeshi taka in Russia. Moreover, with dollars in the country, you can safely do without exchange for local currency. But for small purchases, it is still better not to be lazy and exchange small bills, since the exchange of large bills will be accompanied by a lower rate.
Importing currency into Bangladesh
In the customs declaration, only an amount exceeding 5,000 US dollars is required for declaration. Any amount below is optional for the declaration. But at the same time, on the way back, you can take out only the remainder of the unspent and declared amount. Therefore, it is necessary to keep all receipts so that there are no problems with the customs of Bangladesh. Another feature is that when exporting currency, it should be kept in foreign equivalent, since no more than 100 so can be exported from the country. That is why money in Bangladesh is best kept with you in dollars and exchanged only in extreme cases.
Approximate exchange rate as of November 2014
The official rate relative to foreign world currencies, 1 taka is equal to:
- 0, 008 euros;
- 0.01 US dollar;
- 0, 008 British pounds sterling.
