The currency used in Bangladesh is the Bangladeshi taka, abbreviated as BDT. The taka is further divided into 100 poisha. The currency symbol for taka is "৳". The Bangladeshi taka is managed and issued by the Bangladesh Bank, which regulates monetary policy in the country. The taka has undergone several changes due to inflation and economic reforms since its introduction in 1972, replacing the Pakistani rupee as part of Bangladesh's independence. The currency plays a vital role in the transaction processes within the country, affecting both everyday life and the overall economy.