BDT information
About Bangladeshi Taka (BDT)
The Bangladeshi Taka (BDT), introduced in 1972, is more than just the official currency of Bangladesh; it represents the country's journey through economic challenges and its aspirations for growth and stability. It is commonly abbreviated as BDT and represented by the symbol ৳. Replacing the Pakistani Rupee, the Taka was established following Bangladesh's independence, marking a significant step in the nation's quest for economic sovereignty.
Historical Background
The introduction of the Bangladeshi Taka was a pivotal development in the nascent nation’s history, reflecting its break from Pakistan and the establishment of an independent economic system. The Taka was integral to Bangladesh's efforts to build a self-reliant economy in the face of significant post-independence challenges.
Design and Symbolism
The design of the Bangladeshi Taka incorporates elements of the country’s rich cultural heritage and natural beauty. Banknotes and coins feature images of national heroes, historic landmarks, and symbols representing Bangladesh's art and nature. These designs serve not only as a medium for financial transactions but also as emblems of national pride and identity.
Economic Role
The Taka plays a crucial role in Bangladesh’s economy, which includes key sectors like garments manufacturing, agriculture, and remittances. As the primary medium of exchange, it supports these sectors, facilitating trade, investment, and the everyday economic activities of the Bangladeshi people.
Monetary Policy and Stability
Managed by the Bangladesh Bank, the nation's central bank, the Taka has navigated through various economic challenges, including inflation and currency devaluation. The bank's monetary policies aim to stabilize the currency, control inflation, and support sustainable economic growth, vital for maintaining public and investor confidence.
International Trade and the Bangladeshi Taka
In international trade, the stability of the Taka is crucial, particularly for Bangladesh's exports like ready-made garments, jute, and seafood. A stable Taka is vital for maintaining competitive export prices and managing the import of essential goods.
Remittances and Economic Impact
Remittances from Bangladeshis working abroad, particularly in the Middle East, Europe, and North America, are a significant source of foreign income. These remittances, converted into Takas, support many families and contribute to the national economy, providing a vital buffer against economic challenges.
RED to BDT conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | ৳0.3200 | 0.0200% / 0.0320%VIP 7 |
How to buy Red The Mal
Buy RED (or USDT) for BDT (Bangladeshi Taka) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell RED (or USDT) for BDT (Bangladeshi Taka) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Red The Mal to Bangladeshi Taka?
Red The Mal to Bangladeshi Taka is falling this week.Conversion tables
The exchange rate of Red The Mal is increasing.RED to BDT
BDT to RED
Today vs. 24 hours ago
Amount | 04:46 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 RED | $0.001375 | $0.001185 | +16.07% |
1 RED | $0.002751 | $0.002370 | +16.07% |
5 RED | $0.01375 | $0.01185 | +16.07% |
10 RED | $0.02751 | $0.02370 | +16.07% |
50 RED | $0.1375 | $0.1185 | +16.07% |
100 RED | $0.2751 | $0.2370 | +16.07% |
500 RED | $1.38 | $1.18 | +16.07% |
1000 RED | $2.75 | $2.37 | +16.07% |
Today vs. 1 month ago
Amount | 04:46 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 RED | $0.001375 | $0.001300 | +5.77% |
1 RED | $0.002751 | $0.002601 | +5.77% |
5 RED | $0.01375 | $0.01300 | +5.77% |
10 RED | $0.02751 | $0.02601 | +5.77% |
50 RED | $0.1375 | $0.1300 | +5.77% |
100 RED | $0.2751 | $0.2601 | +5.77% |
500 RED | $1.38 | $1.3 | +5.77% |
1000 RED | $2.75 | $2.6 | +5.77% |
Today vs. 1 year ago
Amount | 04:46 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 RED | $0.001375 | $0.00 | -91.85% |
1 RED | $0.002751 | $0.00 | -91.85% |
5 RED | $0.01375 | $0.00 | -91.85% |
10 RED | $0.02751 | $0.00 | -91.85% |
50 RED | $0.1375 | $0.00 | -91.85% |
100 RED | $0.2751 | $0.00 | -91.85% |
500 RED | $1.38 | $0.00 | -91.85% |
1000 RED | $2.75 | $0.00 | -91.85% |
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