"maintaining price stability through economic and monetary policy measures, managing the country's foreign exchange and gold reserve, and regulating the banking sector of the country. Like all other central banks, Bangladesh Bank is both the government's banker and the banker's bank, a ""lender of last resort"". Bangladesh Bank, like most other central banks, exercises a monopoly over the issue of currency and banknotes. Except for the one, two, and five taka notes and coins which are the responsibility of the Ministry of Finance of the Government of Bangladesh. The major functional areas include : The bank's highest official is the"
"Bangladeshi taka The Bangladeshi taka (, sign: or Tk, code: BDT) is the currency of the People's Republic of Bangladesh. Issuance of banknotes 10 and larger is controlled by Bangladesh Bank, and for the 2 and 5 banknotes, which are the responsibility of the Ministry of Finance of the government of Bangladesh. The most commonly used symbol for the taka is """" and ""Tk"", used on receipts while purchasing goods and services. 1 is subdivided into 100 poisha. The word ""taka"" is derived from Tanka, which is derived from 'Tamgha' or 'Tamga' meaning seal or stamp in old Turkic. In"
"but at the same time narrowing the difference between the official rate and the preferential secondary rate from 15 percent to 7.5 percent. Accompanying this structural adjustment was an expansion in trade conducted at the secondary rate, to 53 percent of total exports and 28 percent of total imports. In mid-1987, the official rate was relatively stable, approaching less than ৳31 to US$1. In January 2011, USD$1 was equivalent to approximately ৳72, as of 21 April 2012, US$1 was worth close to ৳82, and as of 9 September 2015 US$1 valued ৳77. Bangladeshi taka The Bangladeshi taka (, sign: or"
"along with the watermark of the National Martyrs’ Memorial. The folder of a banknote of the 40th anniversary of the independence of Bangladesh had an error for spelling of the country. It was inserted as ""Bangldesh"" instead of ""Bangladesh"". Upon Bangladesh's independence, the value of the Bangladeshi taka was set between ৳7.5 and ৳8.0 to US$1. Except for fiscal year 1978, the taka's value relative to the US dollar declined every year from 1971 through the end of 1987. To help offset this phenomenon, Bangladesh first used the compensatory financing facility of the International Monetary Fund in fiscal year 1974."
"varieties, not catalogued in the major stamp catalogues. These issues ceased to be valid in 1973. The first stamps of the country were issued in rupees (1 rupee = 100 paisa) on 29 July 1971, but in 1972 a new currency was introduced (1 taka = 100 poisha) and since then all stamps have been inscribed with taka or poisha values. Since the first 1971 issue, the Bangladeshi postal authorities have maintained a conservative issuing policy. Just over 900 individual stamps and miniature sheets were listed in the regular Stanley Gibbons catalogues by 2008, plus approximately 50 issues overprinted ""Official"""
"1971, the present-day Pakistani rupee had bilingual inscriptions in Urdu and Bengali, and was called both the rupee and taka. The Bengali Language Movement played a decisive role in ensuring the recognition of the taka in East Pakistan. The Bangladeshi taka is the currency of modern Bangladesh. It was officially introduced in 1972 by the Bangladesh Bank following the end of the Bangladesh Liberation War and is produced by The Security Printing Corporation (Bangladesh) Ltd.. The Bangladeshi taka carries the symbols ৳ and Tk. It is the second most valuable currency in South Asia, when pegged to the US Dollar,"
"UNESCO as International Mother Language Day, as part of global efforts to preserve linguistic identity. In both Bangladesh and West Bengal, currency is commonly denominated as taka. The Bangladesh taka is an official standard bearer of this tradition, while the Indian rupee is also written as taka in Bengali script on all of its banknotes. The history of the taka dates back centuries. Bengal was home one of the world's earliest coin currencies in the first millennium BCE. Under the Delhi Sultanate, the taka was introduced by Muhammad bin Tughluq in 1329. Bengal became the stronghold of the taka. The"
"at Shahbag. 2013 in Bangladesh The year 2013 was the 42nd year after the independence of Bangladesh. It was also the fifth year of the second term of the Government of Sheikh Hasina. Note: For the year 2013 average official exchange rate for BDT was 78.10 per US$. 10 January – The lowest temperature since Bangladesh's independence, at was recorded in Saidpur amid 2013 extreme weather events. 5 February – Shahbag protests, associated with the Shahbag neighborhood of Dhaka, Bangladesh. 20 March - Death of Zillur Rahman. 24 April - A building collapsed, killing over 1,100 people. 10 July -"
"independent nation of Bangladesh. Prior to the Liberation war in 1971, banknotes of the State Bank of Pakistan circulated throughout Bangladesh, and continued to be used in Bangladesh even after independence for only about three months until the official introduction of the taka on 4 March 1972. During the war, it was an unofficial practice of some Bengali nationalists to protest Pakistani rule by stamping banknotes with """" and ""BANGLA DESH"" as two words in either Bangla or English. These locally produced stamps are known to exist in several varieties, as are forgeries. On 8 June 1971, the Pakistani government"
"Standard Chartered Bangladesh SCB BD (officially M/S Standard Chartered Bank Bangladesh Pvt. Ltd.) is a banking and financial services company headquartered in Dhaka, Bangladesh and a wholly owned subsidiary of Standard Chartered. Standard Chartered has been operating in Bangladesh for over a hundred years. After the partition of the subcontinent in 1947, Bangladesh became East Pakistan, thereafter Standard Chartered Bank started its business in 1948, in the port city of Chittagong. Standard Chartered Bank is doing well in Bangladesh. Debit card fee is at least 690 BDT (inclusive of 15% VAT) per year. Account maintenance fee for savings account is"
"690 BDT (inclusive of 15% VAT) which is taken as 345 BDT (inclusive of 15% VAT) each six months (usually on 1 January and 30 June). Standard Chartered Bank is currently promoting Saadiq Banking. Standard Chartered Bank Bangladesh has recently, as of January 2014 eased the procedure of getting International Credit Card and have come into competition by providing Visa and Master cards. While private banks like Dutch Bangla Bank Limited and BRAC Bank Limited have booths all over the country, the bank is holding limited space here though it is one of the largest foreign banks in Bangladesh. It"
"the world's 41st largest. Nepal is a multiethnic Himalayan nation with Nepali as the official language. Listed as one of the Next Eleven, the economy of Bangladesh ranks 46th in terms of nominal gross domestic product (GDP) and 29th in terms of purchasing power parity (PPP). In the fiscal year 2015–2016, Bangladesh registered exports worth US$37.61 billion and imports worth US$40.69 billion. Its major trading partners include the European Union, the United States, China, India, Japan, Australia, Malaysia, and Singapore. The Port of Chittagong is Bangladesh's busiest port, as well as the busiest in Eastern South Asia. Bangladesh's chief export"
"all harvestable Bangladeshi crops, with an estimated 200,000 tonnes (220,000 tons) of crops being lost. Widespread power outages cut telecommunications across Bangladesh; in Dhaka, Bangladesh's capital city, debris-laden streets paralyzed traffic while electrical outages caused water shortages. Note: For the year 1988 average official exchange rate for BDT was 31.73 per US$. 1988 in Bangladesh The year 1988 was the 17th year after the independence of Bangladesh. It was also the seventh year of the Government of Hussain Muhammad Ershad. In view of heavy rain and flooding in the last two weeks of August, Bangladesh Government launched appeal for international"
"2013 in Bangladesh The year 2013 was the 42nd year after the independence of Bangladesh. It was also the fifth year of the second term of the Government of Sheikh Hasina. Note: For the year 2013 average official exchange rate for BDT was 78.10 per US$. 10 January – The lowest temperature since Bangladesh's independence, at was recorded in Saidpur amid 2013 extreme weather events. 5 February – Shahbag protests, associated with the Shahbag neighborhood of Dhaka, Bangladesh. 20 March - Death of Zillur Rahman. 24 April - A building collapsed, killing over 1,100 people. 10 July - Anti-Quota Protests"
"in Bangladeshi currency, Taka and is the namesake of many Bangladesh public institutions. During Mujib's tenure as the premier leader, Muslim religious leaders and some politicians intensely criticized Mujib's adoption of state secularism. He alienated some segments of nationalists and those in the military who feared Bangladesh would become too dependent on India. They worried about becoming a satellite state by taking extensive aid from the Indian government and allying with that country on many foreign and regional affairs. Mujib's imposition of one-party rule and suppression of political opposition with censorship and abuse of the judiciary, also alienated large segments"
"on the list of UN Least Developed Countries (LDC) since 1975. Bangladesh met the requirements to be recognized as developing country in March, 2018. Bangladesh's Gross National Income (GNI) $1,724 per capita, the Human Assets Index (HAI) 72 and the Economic Vulnerability (EVI) Index 25.2. Economy of Bangladesh The market-based economy of Bangladesh is the 31st largest by purchasing power parity and 42nd largest in the world in nominal terms; it is classified among the emerging market middle income economies and a Frontier market. According to the IMF, Bangladesh's economy is the second fastest growing major economy of 2016, with"
"Bangladesh Bank robbery The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, took place in February 2016, when thirty-five fraudulent instructions to withdraw close to US $1 billion from the account of Bangladesh Bank held at the Federal Reserve Bank of New York were issued via the SWIFT network. The central bank of Bangladesh is commonly called ""Bangladesh Bank"" locally. Five of the thirty-five fraudulent transfer instructions issued by security hackers, worth US $101 million, succeeded with $20 million traced to Sri Lanka and $81 million traced to the Philippines. Most of the money transferred to"
"Bangladesh Financial Intelligence Unit Bangladesh Financial Intelligence Unit is Bangladesh Government agency responsible for investigating money laundering, Suspicious Transaction, and Cash Transaction Reports. The unit works under Bangladesh bank. Razee Hassan is the chief of Bangladesh Financial Intelligence Unit. The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank on June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012. Asia/Pacific Group on Money Laundering recommended the government to form the unit. In 2015 the Government of Bangladesh announced plans to provide autonomy"
"Languages of Bangladesh The official and de facto national language of Bangladesh is Modern Standard Bengali (Literary Bengali). It serves as the ""lingua franca"" of the nation, with 98% of Bangladeshis fluent in Bengali (including dialects) as their first language. English, having no official status, is prevalent across government, law, business, media and education, and can be regarded as the de facto co-official language of Bangladesh (see Bangladeshi English). Hindi is understood by some as a foreign language. The indigenous people of northern and southeastern Bangladesh speak a variety of native languages. The lowlands of Bangladesh form the eastern half"
"then-government. Establishment Bangladesh Bank, the central bank and apex regulatory body for the country's monetary and financial system, was established in Dhaka as a body corporate vide the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972) with effect from 7th April 1972. At present it has ten offices located at Motijheel, Sadarghat, Chittagong, Khulna, Bogra, Rajshahi, Sylhet, Barisal, Rangpur and Mymensingh in Bangladesh; total manpower stood at 5807 (officials 3981, subordinate staff 1826) as of 31 March 2015. The Bangladesh Bank performs all the functions that a central bank in any country is expected to perform. Such functions include"
"Pakistan. It is still spoken by the Biharis in Bangladesh and is taught in some madrasahs. Languages of Bangladesh The official and de facto national language of Bangladesh is Modern Standard Bengali (Literary Bengali). It serves as the ""lingua franca"" of the nation, with 98% of Bangladeshis fluent in Bengali (including dialects) as their first language. English, having no official status, is prevalent across government, law, business, media and education, and can be regarded as the de facto co-official language of Bangladesh (see Bangladeshi English). Hindi is understood by some as a foreign language. The indigenous people of northern and"
"banks in Bangladesh using local currency cheques; starting mobile banking, which lets people carry out banking transactions via SMS (text messages) or apps; establishing the Bangladesh Electronic Funds Transfer Network (BEFTN); instituting the Bangladesh Automated Clearing House (BACH), which permits rapid electronic inter-bank transfers within the country with automatic adjustment of accounts; etc. BEFTN is a system of transferring money from one bank account directly to another bank without paper money changing hands. The foreign exchange reserves of Bangladesh quadrupled during his tenure as governor of the central bank. In March 2016, Rahman resigned from his post following the 2016"
"Bahraini dinar The dinar ( ') (sign: .د.ب or BD; code: BHD""') is the currency of Bahrain. It is divided into 1000 fils (فلس). The name dinar derives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated .د.ب (Arabic) or ""BD"" (Latin). It is usually represented with three decimal places denoting the fils. In 1965, coins were introduced in denominations of 1, 5, 10, 25, 50 and 100 fils. The 1, 5 and 10 fils were struck in bronze, with the"
"to the unit. In 2016 Bangladesh Bank confirmed the unit has been made autonomous. Bangladesh Financial Intelligence Unit Bangladesh Financial Intelligence Unit is Bangladesh Government agency responsible for investigating money laundering, Suspicious Transaction, and Cash Transaction Reports. The unit works under Bangladesh bank. Razee Hassan is the chief of Bangladesh Financial Intelligence Unit. The unit was founded as the Anti-Money Laundering Department of Bangladesh Bank on June 2002. The name of the department was changed to Bangladesh Financial Intelligence Unit on 25 January 2012 through the Money Laundering Prevention Act, 2012. Asia/Pacific Group on Money Laundering recommended the government to"
"circulation are 2, 5, 10, 20, 50, 100, 500 and 1000. Bangladesh Bank has withdrawn the new 50 note after a spelling mistake of Shilpacharya Zainul Abedin () which was identified on the back of the note. The note had just been introduced on 7 March, so it is likely that very few made it into circulation, even though 22.5 million pieces were printed. Bangladesh Bank has issued a new series of banknotes, phasing out the older designs for new, more secure ones. All banknotes other than the 1 taka feature a portrait of Sheikh Mujibur Rahman on the obverse"
"Economy of Bangladesh The market-based economy of Bangladesh is the 31st largest by purchasing power parity and 42nd largest in the world in nominal terms; it is classified among the emerging market middle income economies and a Frontier market. According to the IMF, Bangladesh's economy is the second fastest growing major economy of 2016, with a rate of 7.1%. Dhaka and Chittagong are the principal financial centers of the country, being home to the Dhaka Stock Exchange and the Chittagong Stock Exchange. The financial sector of Bangladesh is the second largest in the subcontinent. In the decade since 2004, Bangladesh"
"has branches in Bogra, Chittagong, Dhaka, Khulna, Savar and Sylhet. They have ATM booths almost all over Dhaka and Chittagong. Standard Chartered Bangladesh has bought out the Bangladesh operations of various other foreign banks such as Grindlays Bank and American Express. Standard Chartered Bangladesh SCB BD (officially M/S Standard Chartered Bank Bangladesh Pvt. Ltd.) is a banking and financial services company headquartered in Dhaka, Bangladesh and a wholly owned subsidiary of Standard Chartered. Standard Chartered has been operating in Bangladesh for over a hundred years. After the partition of the subcontinent in 1947, Bangladesh became East Pakistan, thereafter Standard Chartered"
"both the Monetary Authority of Brunei Darussalam and the Monetary Authority of Singapore issued $50 polymer banknotes to commemorate that event. Singapore dollar The Singapore dollar (sign: S$; code: SGD) is the official currency of Singapore. It is divided into 100 cents. It is normally abbreviated with the dollar sign $, or S$ to distinguish it from other dollar-denominated currencies. The Monetary Authority of Singapore issues the banknotes and coins of the Singapore dollar. As of 2016, the Singapore dollar is the twelfth-most traded currency in the world by value. Apart from its use in Singapore, the Singapore dollar is"
"accepted in major supermarkets, airports and electronic shops. Before Malta's adoption of the euro on 1 January 2008, it was the third-highest-valued currency unit after the Kuwaiti dinar and Maltese lira. After Malta adopted the euro, the dinar became the second highest-valued currency unit. Bahraini dinar The dinar ( ') (sign: .د.ب or BD; code: BHD""') is the currency of Bahrain. It is divided into 1000 fils (فلس). The name dinar derives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is abbreviated"
"interesting to note here, that a counterfeiting gang is active, which uses a ""washing system"", whereby Tk100 notes are washed with a special kind of liquid, and the numbers are changed to give it the appearance of a Tk500 note. In 2000, the government issued polymer 10 notes as an experiment (similar to the Australian dollar). They proved unpopular, however, and were withdrawn later. At present, the 1 and 5 notes are gradually being replaced with coins, and in 2008, the government issued 1,000 notes. In 2011, Bangladesh Bank began issuing a new series of banknotes denominated in 2, 5,"
"Bangladesh Standard Time Bangladesh Standard Time (BST) () is the time zone of Bangladesh. It is offset six hours ahead of Coordinated Universal Time, and observed as a national standard throughout the country. Bangladesh briefly observed daylight saving time (DST) in 2009 to cope with the ongoing electricity crisis, but in 2010 the decision was cancelled by the government of Bangladesh. The official time signal is given by the Bangladesh Standard Time is calculated on the basis of the 90.00° E longitude, which passes over the Harukandi Union of Harirampur Upazila of the Manikganj District in Dhaka Division, Bangladesh. In"
"population of more than 160million. Bengalis are the largest ethnic group, with Bengali Muslim a majority, followed by Bengali Hindus, Bengali Buddhists, and Bengali Christians. The country has a significant Urdu-speaking minority and numerous minority indigenous ethnic groups. The Bengali language is the official language. Dhaka, Chittagong, Khulna, Sylhet, and Rajshahi are among the country's largest cities and towns. Bangladesh's life expectancy is ranked third in South Asia. Bhutan has the second-smallest population in South Asia after the Maldives. Bhutan's three main ethnic groups are the Ngalop, Sharchop, and Lhotshampa. The state religion is Buddhism. The official language is Dzongkha."
"Thai baht The baht (; , ; sign: ฿; code: THB) is the official currency of Thailand. It is subdivided into 100 ""satang"" (, ). The issuance of currency is the responsibility of the Bank of Thailand. According to SWIFT, as of February 2017, the Thai baht is ranked as the 10th most frequently used world payment currency. According to a report in the ""South China Morning Post"", the China Banknote Printing and Minting Corporation produces at least some Thai banknotes and coins. The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was"