What is the currency of Bangladesh called?

General Knowledge & Current Affairs ·Previously asked in JKSSB Constable (Executive / Armed / IRP / SDRF) 2016

View the full solved paper: J&K Police Constable 2016 - Set A

Question

What is the currency of Bangladesh called?

  1. A. Dinar
  2. B. Rial
  3. C. Taka (Correct answer)
  4. D. Rupees

Correct Answer

Option C — Taka

Detailed Solution & Explanation

The correct answer is Taka.

Key Points

  • The currency of Bangladesh is the Taka (BDT), issued by Bangladesh Bank.
  • Dinar is used by several West Asian and North African countries, Rial by Iran, Oman and others, and the Rupee by India, Pakistan, Nepal and Sri Lanka.

Additional Information

  • Neighbouring currencies worth grouping: Nepal, Pakistan and Sri Lanka use rupees, Bhutan the Ngultrum, Myanmar the Kyat, China the Yuan (Renminbi), Maldives the Rufiyaa, Afghanistan the Afghani.
  • The Bhutanese Ngultrum is pegged one-to-one with the Indian rupee, and Indian currency circulates freely in Bhutan and Nepal.
  • The taka replaced the Pakistani rupee in Bangladesh in 1972, after independence.

Topics covered: World Affairs Currencies