BDT stands for Bangladeshi Taka, which is the official currency of Bangladesh. It is denoted by the currency symbol "৳" and has the ISO code BDT. The Bangladeshi Taka is regulated and issued by the Bangladesh Bank, which is the country's central bank.
The BDT is subdivided into 100 smaller units called paisa, although paisa coins are not currently in circulation. The Bangladeshi Taka comes in various denominations, including banknotes of ৳1, ৳2, ৳5, ৳10, ৳20, ৳50, ৳100, ৳500, and ৳1000. These banknotes feature prominent figures, significant landmarks, and national symbols of Bangladesh.
The value of the Bangladeshi Taka is determined in an open market system, where the currency's exchange rate fluctuates based on supply and demand dynamics. Internationally, BDT can be exchanged with other major currencies such as the US Dollar, Euro, or British Pound.
The Bangladeshi Taka plays a crucial role in the country's economy, facilitating domestic and international trade, as well as financial transactions. It is widely used by individuals, businesses, and the government for various purposes, including payment for goods and services, investment, savings, and borrowing.
Overall, the Bangladeshi Taka (BDT) is the official currency of Bangladesh, issued by the Bangladesh Bank, and serves as an essential medium of exchange and store of value in the country's economy.
