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Bangladesh / 3 Products

The People’s Republic of Bangladesh is a South Asian country. It shares its land borders with India to the west, north, and east, and Myanmar to the southeast. Bangladesh was formerly known as East Bengal and East Pakistan before gaining independence from Pakistan in 1972.

A year after Bangladesh gained independence from Pakistan, it replaced the Pakistani rupee with the taka at par. The Bangladeshi taka is subdivided into 100 paisa. 

In 1973, coins were introduced in denominations of 5 paisa, 10 paisa, 10 paisa, 25 paisa, and 50 paisa. The 1 paisa coin was introduced a year later, and the 1-taka coin afterwards. The 1-, 5-, and 10-paisa coins were made of aluminum; the 25- and 50-paisa made of steel, and 1 taka in cupro-nickel. 

In 1974, the commemorative FAO series was introduced. These coins were like the first series but featured agricultural designs instead of cultural artefacts.  Three years later, another FAO series was introduced with fauna and flora replacing the agricultural designs. 

In 1994, the 5-taka coin was introduced. Ten years later, the 2-taka coin was also introduced. These coins are made of steel and feature the national emblem. 

Paisa coins are rarely found in circulation because they lost their value due to inflation. Only the taka coins are found in circulation. Unlike other countries, Bangladesh does not issue coins every year. The last series of standard circulation coins were issued in 2013 and featured the national emblem, Sheikh Mujibur Rahman, and the Bangladesh Bank logo.

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