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The Bangladeshi taka (Bengali: টাকা, sign: ৳, code: BDT, short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at U+09F3 ৳ BENGALI RUPEE SIGN. Issuance of banknotes ৳ 10 and larger is controlled bikash. , while the ৳ 2 and ৳ 5 banknotes are the responsibility of the ministry of finance.
Exchange rate history of the Indian rupee. This is a list of tables showing the historical timeline of the exchange rate for the Indian rupee (INR) against the special drawing rights unit (SDR), United States dollar (USD), pound sterling (GBP), Deutsche mark (DM), euro (EUR) and Japanese yen (JPY). The rupee was worth one shilling and sixpence ...
Silver coin of Skandagupta of Gupta Empire known as Rūpaka (रूपक) in Sanskrit, in the style of the Western Satraps, with peacock on reverse, 455-467 CE. Rupiya issued by the Sher Shah Suri, 1540–1545 CE. The French East India Company issued silver Rupee in the name of Muhammad Shah (1719–1748) for Northern India trade, minted in ...
The spot exchange rate is the current exchange rate, while the forward exchange rate is an exchange rate that is quoted and traded today but for delivery and payment on a specific future date. In the retail currency exchange market, different buying and selling rates will be quoted by money dealers.
Since 1991, the rupee is under a floating exchange rate regime. [93] The first major impact on the rupee's exchange rate after independence was the devaluation of the pound sterling against the US dollar in 1949, which impacted currencies that maintained a peg to the sterling, which included the Indian rupee. [94]
At the time of independence (in 1947), India's currency was pegged to pound sterling, and the exchange rate was a shilling and six pence for a rupee — which worked out to ₹13.33 to the pound. [23] The dollar-pound exchange rate then was $4.03 to the pound, which in effect gave a rupee-dollar rate in 1947 of around ₹3.30.
The trade at border haats is permitted to be carried out either on a barter basis or in Indian Rupees and the currency of country with which border is shared, for example, Indian Rupee and Bangladesh Taka on India-Bangladesh border. Data of barter trade is maintained by the Haat Management Committee of the respective border haat.
The taka was traditionally equal to one silver rupee in Islamic Bengal. [4] In 1338, Ibn Battuta noticed that the silver taka was the most popular currency in the region instead of the Islamic dinar. [5] In 1415, members of Admiral Zheng He's entourage also noticed the dominance of the taka.