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Tea garden in Sreemangal. Bangladesh is an important tea-producing country. It is the 9th largest tea producer in the world, [1] [2] producing a total of 97.08 million kgs in 2019 [3]. Its tea industry dates back to British rule, when the East India Company initiated the tea trade in the hills of the Sylhet region. [4]
After the independence of Bangladesh, the first Bangladeshi currency was issued on March 4, 1972. [2] The official currency was named Taka, later "৳" was designated as the sign or symbol for Taka. The minimum unit of money fixed is one rupee. And a percentage of money is called Paisa. That is, ৳1 is equal to 100 paise.
Tea tasting is the process in which a trained taster determines the quality of a particular tea. Then, the tea brokers prepare catalogs and fix the tentative price of tea. Later, the catalogs and valuation copies are dispatched to all the buyers ahead of the weekly auctions. Then, the traders take part in the auctions and purchase tea. Finally ...
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Duncan Brothers (Bangladesh) Limited traces its origins to brothers Walter Duncan and William Duncan from Glasgow who established a tea company in 1859 in Kolkata. [2] It owns the following tea and rubber estates, Alinagar Tea Estate, Amo Tea Estate, Chaklapunji Tea Estate, Chandpur Tea Estate, Chatlapur Tea Estate, Etah Tea Estate, Hingazia Tea Estate, Karimpore Tea Estate, [5] Longla Tea ...
The official currency was named Taka, later "৳" was designated as the symbol of Taka. The minimum unit of money fixed is one rupee. And a percentage of money is called Paisa. That is, ৳1 is equal to 100 paise. 5 paisa, 10 paisa, 25 paisa and 50 paisa were introduced in 1973. [2] [3]
The tea estates were taken over by the government after the end of Bangladesh Liberation War and placed under the Bangladesh Tea Industry Management Committee of the Bangladesh Tea Board. [6] Afazuddin Fakir was appointed the first chairman of the company. [7] The National Tea Company Limited was listed on the Dhaka Stock Exchange in 1979. [3]
The first treasury notes in 1972 for ৳ 1 and notes of the Bangladesh Bank for ৳ 5, ৳ 10 and ৳ 100. In 1977, banknotes for ৳ 50 were introduced, followed by ৳ 500 in 1979 and ৳ 20 in 1982. ৳ 1 treasury notes were issued until 1992, with ৳ 2 treasury notes introduced in 1989. ৳ 1000 banknotes were introduced in 2008.