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This is an accepted version of this page This is the latest accepted revision, reviewed on 12 February 2025. Economy of Bangladesh Motijheel C/A, the downtown of Dhaka Currency Bangladeshi taka (BDT, ৳) Fiscal year 1 July – 30 June Trade organizations SAFTA, SAARC, BIMSTEC, WTO, AIIB, IMF, Commonwealth of Nations, World Bank, ADB, Developing-8 Country group Developing/Emerging Lower-middle ...
On 26 January 2013, Bangladesh Bank issued a ৳ 25 note to commemorate the 25th anniversary (silver jubilee) of the Security Printing Corporation (Bangladesh) Ltd. On the front is the National Martyr's Monument in Savar, the designs of the previous series of the Bangladeshi taka notes and its postage stamps, three spotted deer and the magpie ...
The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float. As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
In early December, in the wake of a Pakistan air strike on Indian territory, India declared war with Pakistan and recognized Bangladesh. US president Richard Nixon bluffed a presence of the Seventh Fleet into the Bay of Bengal. The USSR opposed the move and also deployed a single warship in the Bay of Bengal.
[e] As one of the founding leaders of Bangladesh, he has held several political offices; since 1966 during the Pakistani colonial era in East Bengal, he had served as the president of a Bengali nationalist party known as the Awami League, which led the Bengali region of East Pakistan to secede from Pakistan through a nine month long war to form ...
Pakistan, which Bangladesh had gained independence from in the 1971 war, didn't recognise the country until it was pressured by other Muslim-majority nations. Bangladesh's founder, Sheikh Mujibur Rahman , was kept imprisoned by Pakistani authorities (even after the end of war) before being released in January 1972.
As the war neared its end and Pakistani surrender became apparent, the Pakistan Army made a final effort to eliminate the intelligentsia of the new nation of Bangladesh. [5] On 14 December 1971, over 200 Bengali intellectuals including professors, journalists, doctors, artists, engineers, and writers were abducted from their homes in Dhaka by ...