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HISTORY

The word is derived from the Sanskrit ''tanka'' which was an ancient, even in Medieval times, denomination of Silver Coin . The term taka was widely used in different parts of India but with varying meanings. In north India, taka was a Copper coin equal to two Paise and in the south, it was equal to four paisa or one Anna . It was only in Bengal where taka was equal to the rupee. In all areas of India, taka was used informally for Money in general. But Bengal was the stronghold of taka.

Rupee was introduced by the Turk o- Afghan rulers and was strongly upheld by the Mughal s and the British Rulers . The Bengal i people always used the word taka for the rupee, whether silver or Gold . Ibn Batuta noticed that, in Bengal, people described gold coins ( Dinar ) as gold ''tanka'' and silver coin as silver ''tanka''. In other words, whatever might be the metallic content of the coin, the people called it taka. This tradition has been followed to this day in Assamese and Bengali speaking regions like Bangladesh , West Bengal and Assam .

The taka became Bangladesh's currency in 1972, replacing the Pakistani Rupee at par.


DENOMINATIONS


Coins

  • 1 poisha (rarely circulated)

  • 5 poisha (rarely circulated)

  • 10 poisha (rarely circulated)

  • 25 poisha(rarely circulated)

  • 50 poisha(rarely circulated)

  • 1 taka

  • 2 taka

  • 5 taka



Treasurynotes

  • 1 taka

  • 2 taka



Banknotes

  • 5 taka

  • 10 taka

  • 20 taka

  • 50 taka

  • 100 taka

  • 500 taka


In the late 90's, the government issued polymer 10-taka notes as an experiment (similar to the Australian Dollar ). They proved unpopular, however, and were withdrawn later. At present, the 1-taka notes are gradually being replaced with coins.


ISSUANCE

The 1 and 2 taka notes are issued by the Government of Bangladesh. The rest of the notes are issued by Bangladesh s Central Bank , the Bangladesh Bank .


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