HomeBDT / NGN • Currency
add
BDT / NGN
Previous close
11.91
Market news
About Bangladeshi Taka
The taka is the currency of Bangladesh.
Issuance of banknotes ৳10 and larger is controlled by Bangladesh Bank, while the ৳2 and ৳5 govt. notes are the responsibility of the ministry of finance. The govt. notes of Tk. 2 and Tk.5 have mostly been replaced by coins while lower denomination coins up to Tk. 1 have almost gone out of circulation due to inflation. The most commonly used symbol for the taka is "৳" and "Tk", used on receipts while purchasing goods and services. It is divided into 100 poysha, but poysha coins are no longer in circulation. The poysha is still used for accounting purposes.
On 8 May 2024, the central bank placed the taka in a crawling peg to the US dollar, with a rate of 117 takas per US dollar. WikipediaAbout Nigerian Naira
The naira is the currency of Nigeria. One naira is divided into 100 kobo.
The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution and supply, processing, reissue and disposal or disintegration of bank notes and coins.
A major cash crunch occurred in February 2023 when the Nigerian government used a currency note changeover—delivering too few of the new notes into circulation—to attempt to force citizens to use a newly created government-sponsored central bank digital currency. This led to extensive street protests. Wikipedia