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Culture

Bangladesh Currency, Economy, Business

If you are planning to tour the beautiful country of Bangladesh, it would be wise to convert some of your money into the local currency. This can be done quite easily at banks, as well as at many of the shops in the cities. All foreign currency that is exchanged must be stated on a currency declaration form. It is also a good to know that you will usually get a better rate at many of the shops than you will in the banks.

The currency of Bangladesh is Bangladesh Taka (BDT). One BDT is made up of 100 paisa. You will be able to get coins in denominations of 5, 10, 25 and 50 paisa as well as in 1 and 5 BDT. Notes are available in 1, 2, 5, 10, 20, 50, 100 and 500 BDT. Credit cards are not generally accepted outside the country’s capital though there are a large number of Standard Chartered Bank ATMs in Dhaka, Chittagong, Bogra, Sylhet, Narayanganj and Khulna. There are also HSBC ATMs in Dhaka and Chittagong. Travelers’ checks can be used at most major stores or hotels and should be made out in USD or GBP. The can also be exchanged for cash at Dhaka Airport. If you are planning to shop in some of the smaller towns and villages, it would be advisable that you pay with cash.

If you will be arriving with an amount larger than USD150, you should declare this on arrival and the same applies for when you leave. You cannot import or export more than BDT100. If you need to reconvert a lot of your money, you can reconvert up to BDT500 or up to 25% of the amount you exchanged on your arrival.