Assignment

Course Title:
Course Code:
Topic Name:

Submitted To
Jannatul Ferdous
Lecturer of School of BBA

Submitted By
Md. Anwar Hossain
Dept: BBA
ID No: 10510461

History
 In 1971 when Bangladesh got independence from Pakistan, the Pakistan Rupee was the
interim currency. The taka became Bangladesh's currency in 4 March 1972, replacing the Pakistani
rupee at par. The word "taka" is derived from the Sanskrit termtangka (ta ka) which was an
ancient denomination for silver coins. 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 paisa and in the south
India, it was equal to four paisa or oneanna. It was only in Bengal where taka was equal to rupee. In
all areas of India, taka was used informally for money in general. However, Bengal was the
stronghold of taka.
The rupee was used in Mughal India in medieval times, but never universally. The Bengali
people always continued to use the word taka for the rupee, whether silver or gold. Ibn Battuta, the
fourteenth-century Arab traveller, noticed that, in Bengal, people described gold coins (Dinar) as
gold taka and silver coin as silver taka. In other words, whatever might be the metallic content of
the coin, the people of Bengal called it taka. When the Pakistan Rupee was issued prior to 1971
bearing both Urdu and Bengali alphabets (the official languages of the West and East zones
respectively), the word taka was continued to be used in Bengali version instead of rupiya of the
Urdu version.

Issuing authority
Banknotes 5 and larger are issued by the Bangladesh Bank which is the central bank
of Bangladesh. These notes bear the signature of the governor of the Bangladesh Bank who
promises to pay the equivalent value in exchange. 1 and 2 notes are issued by the Ministry of
Finance of the government of Bangladesh and bear the signature of the Finance Secretary.

Currency of Bangladesh
Banknotes
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 "BANGLA DESH" as two words in either Bengali or English. These locally produced stamps
are known to exist in several varieties, as are forgeries, so be suspicious of fresh stamps on old
notes, bi-lingual stamps, or stamps on notes with Karachi or Lahore imprints instead of Dhaka. On
8 June 1971, the Pakistani government declared that all banknotes bearing such stamps ceased to be
legal tender. Furthermore, to prevent looted high-denomination notes from disrupting the Pakistani
economy, the government also withdrew the legal tender status of all 100- and 500-rupee notes.
These were followed in 1972 by treasury notes for 1 and notes of the Bangladesh
Bank for 5, 10 and 100. In 1975, banknotes for 50 were introduced, followed by 500 in
1977 and 20 in 1980. 1 treasury notes were issued until 1993, with 2 treasury notes introduced
in 1989.
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, the1 and 5 notes
are gradually being replaced with coins.
In 2008, the government issued 1000 notes.
In 2011, Bangladesh Bank began issuing a new series of banknotes denominated
in 2, 5, 100, 500, and 1000. All are dated 2011 and feature a portrait and watermark of the
Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, along the National Martyr's
Monument in Savar at center front.
In 2011, Bangladesh Bank introduced a 40 note to commemorate the "40th Victory Anniversary
of Bangladesh". The commemorative note features a portrait of the Father of the
Nation, Bangabandhu Sheikh Mujibur Rahman and the National Martyr's Monument in Savar on
front, and six armed men on back. Curiously, this note has an electrotype 10 in the watermark,
indicating it was likely printed on extra 10 banknote paper.
On February 15, 2012, Bangladesh Bank has introduced a 60 note to commemorate "60 years of
National Movement". The commemorative note measures 130 x 60mm and features the Shaeed
Minar (Martyrs' monument) in Dhaka and five men on the back. Like the 40 commemorative
note, this note has an electrotype 50 in the watermark. It was likely printed on extra 50 banknote
paper.
Bangladesh Bank plans to introduce new notes denominated in 10, 20, and 50 on March 7,
2012. The notes bear the portrait of Bangabandhu Sheikh Mujibur Rahman and the National
Martyr's Monument in Savar on the front. On the back of the notes, the 10 will picture the Baitul
Mukarram mosque, the 20 pictures the Shat Gombuk mosque in Bagherat, and the 50 notes
feature Shilpacharya Jainul Abedin's famous painting Ploughing.
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 March 7, so it is likely that very few made it into circulation, even though
2.25 crore pieces were printed.
Bangladesh Bank issued the withdrawn 50 note on July 15, 2012 after correcting the spelling
mistake of Shilpacharya Zainul Abedin ( ) which was identified on the back of the
note. The corrected note is identical to the withdrawn note, except for the date (2012 vs. 2011) and
the caption on the back.
On January 26, 2013, Bangladesh Bank issued a 25 note to commemorate the 25th anniversary
(silver jubilee) of the Security Printing Corporation (Bangladesh) Ltd. On the front is the National
Martyr's Monument in Savar, the designs of the previous series of the Bangladeshi taka notes and
its postage stamps, three spotted deer and the magpie robin (doyel) bird. On the reverse is the
headquarters of the Security Printing Corporation. Curiously, this note has an electrotype 10 in the
watermark, indicating it was likely printed on extra 10 banknote paper.
On July 8, 2013, Bangladesh Bank issued a 100 note to commemorate the 100th anniversary of
the Bangladesh National Museum. The commemorative note features an 18th-century terra-cotta
plaque of a horseman on the front and the Bangladesh National Museum on the back.
On June 15, 2014, Bangladesh bank issued a new five taka note which is same as previous five taka
note but the color of new note is brown with white border on front and back side.

Currency of Bangladesh:
The name of Bangladeshi currency is Taka. There are two types like many other countries'- notes
and coins. Notes are of one taka, two taka, five taka, ten taka, twenty taka, fifty taka, one hundred
taka and five hundred taka. Coins are of one poisha, five poisha, ten poisha, twenty-five poisha,
fifty poisha, one taka and five taka. Notes from five taka to five hundred taka are issued by
Bangladesh Bank. One taka and two taka notes and all the coins are issued by Bangladesh
Government. Bangladesh has a variable currency rates with other countries.

1. One Thousand Taka Note:

Security Feature:
1.Optically variable ink (OVI): OVI used in the numeric Bengali inscription appears golden
when looked directly and green when viewed obliquely.
2. Security thread: Holographic window type 4mm, wide security thread.
3. Microscopic printing: "BANGLADESH BANK 1000 TAKA" printed microscopically.
4. Note Number: Indifferent series number in Bengali accompanies Bengali & English serial
number.
5. Latent image: Numeric Bengali inscription "1000".
6. Iridescent stripe: A vertical stripe on the back containing inscription "BANGLADESH
BANK" with variable color.
7. Intaglio printing.
8. Watermark: Watermark of water lily, Bangladesh Bank's monogram and English
inscription 1000.
9. Dot for blind.
10. Paper: Durable paper with special coating and scattered fluorescent fiber.
11. Borderless printing
Date of Issue : 27-10-2008.

2. Five Hundred Taka Note:

 Security Feature:
Security thread in the right hand side. Water mark depicting the head of a Royal Bengal
Tiger in sitting posture in the left hand side and a water mark containing the figure 500 in
Bengali in the center .
Date of Issue : 15-12-1976.

Security Feature:
Window type security thread in the right hand side and watermark of Tiger head.
Date of Issue 02-07-1998.

Security Feature:
The Optical Variable Ink (OVI) has been used in the bangla inscription instead of numeric.
When titled up and down the optically variable color of on obverse of the note will change
from a distinct magenta to green and green to magenta as well. Holographic window type
security thread. Dot for the blind. Latent image. Head of a Royal Bengal tiger in cylinder
mould made watermark and logo of Bangladesh Bank in electrotype watermark.
Date of Issue : 24-10-2004.

3. One Hundred Taka Note:

Security Feature:
Water mark of the head of a Royal Bengal Tiger in the left hand side. Engraved printing
which has been done in three colors namely deep blue, deep brown and red.
Date of Issue : 15-12-1977.
 Security Feature:
A Hundred Taka Note with signature of Dr. Salehuddin Ahmed, Governor and the
inscription '100' on its left-hand upper side with color shifting ink (OVI) has been issued
since 28 June, 2005. All other features of the Note are remaining the same as before.
Date of Issue : 28-07-2005.

4. Fifty Taka Note:

Security Feature:
Security thread in the left hand side and water mark of the head of the Royal Bengal Tiger
in the right hand side.
Date of Issue : 24-08-1987.

Security Feature:
Security thread towards the right hand side and water mark depicting the head of the Royal
Bengal Tiger on the left hand side.
Date of Issue : 04-06-1979.

Security Feature:
Watermark of a Royal Bengal Tiger in the right. In its holographic security thread
Bangladesh is inscribed in both sides. Designed Print of flowers and creepers in rectoverso
system is engraved in both sides. Along the lower border of the Note Bangladesh Bank is
inscribed in microtext printing on the obverse. Two identification dots are inscribed in the
right hand side for the blind.
Date of Issue : 30-07-2005.

5. Twenty Taka Note:

 Security Feature:
Holographic window type security thread. Dot for the blind. Latent image. Head of a Royal
Bengal Tiger in Motional water mark and logo of Bangladesh Bank in Electrotype
watermark.
Date of Issue : 13-07-2002.

Security Feature:
Water mark depicting the head of a Royal Bengal Tiger on the left hand side and a security
thread towards the right hand side.
Date of Issue :20-08-1979.

6. Ten Taka Note:

Security Feature:
Security thread on the right hand side and watermark depicting the head of a Royal Bengal
Tiger on the left hand side.
Date of Issue : 03-08-1978.

Security Feature:
Water mark of the head of a Royal Bengal Tiger. Design See-through in the above and
below the portrait on the right side of the note, Clear text Security thread.
Date of Issue : 11-12-1997.
 Security Feature :
A security thread at the left of the picture of mosque and watermark depicting the raised
head of a Royal Bengal Tiger.
Date of Issue : 03-09-1982.

Security Feature :
A Ten Taka Note with signature of Dr. Salehuddin Ahmed, governor has been issued since
21 September 2006. Various portions along with the serial number in the obverse of the note
are intaglio printed. Others Notes of same denomination are on circulation as usual.
Date of Issue : 21-09-2006.

Security Feature :
Water mark of the head of a Royal Bengal Tiger in the left. Optical Thread. National flower
Shapla in see-through window.
Date of Issue : 14-12-2000.

7. Five Taka Note:

Security Feature:
 Water mark head of a Royal Bengal Tiger in the left side of the note, security thread on the
right with 3mm width instead of 0.75mm in the existing 5 taka notes.
Date of Issue : 08-10-2006.

Security Feature:
Security thread on the right hand side near the panel containing water mark which depicts
the head of a Royal Bengal Tiger.
Date of Issue :01-09-1973.

8. Two Taka Note:

Security Feature :
Head of a Royal Bengal Tiger on the left hand side and security thread on the right hand
side.
Date of Issue : 29-12-1988.

9. One Taka Note:

Security Feature:
Security thread on the left hand side near the picture of a woman pounding rice and a water
mark depicting the head of a Royal Bengal Tiger on the right hand side.
Date of Issue : 18-12-1973.
 Security Feature :
Water mark of the head of a Royal Bengal Tiger in the left and side of the note. General
Security thread. See-through image just above the water mark.
Date of Issue: 03-09-1979

Coins

In 1973, coins were introduced in denominations of 5, 10, 25 and 50 poisha. 1 poisha coins
followed in 1974, with 1 coins introduced in 1975. The 1, 5 and 10 poisha were struck in
aluminium, with the 25 and 50 poisha struck in steel and the 1 in copper-nickel. The 5 poisha
were square with rounded corners, whilst the 10 poisha were scalloped. Steel 5 were introduced in
1994, whilst a steel 2 coin followed in 2004.

1 and 5 poisha coins are rarely found in circulation. 10, 25, and 50 poisha coins do not circulate
widely. Only the 1, 2 and 5 are regularly found in circulation.

One Poisa

Five Poisha

Ten Poisha

Twenty Five Poisha

Fifty Poisha

One Taka

Two Taka

Five Taka