Lesson 1/54 min
Money, notes and coins
Basic ideas
- Saving = income − consumption spending
- Per capita income = total national income of a year ÷ total population of that year
- Growth rate: the percentage rise in national income over the previous year
- Rent (khajna): the payment made to a landowner for using land
- Money: a medium of exchange accepted by all, with state recognition
- Legal tender: money made official by law; the public must accept it
Bank notes and government notes
| Point | Bank note | Government note |
|---|---|---|
| Issued by | Bangladesh Bank | Finance Ministry (government) |
| Signature | The Governor | The Finance Secretary |
| Values | Tk 10, 20, 50, 100, 200, 500, 1000 (seven) | Tk 1, 2 and 5 |
Firsts and special facts
- Bangladesh's own notes began on 4 March 1972; the first were the Tk 1 and Tk 100 notes
- Metal coins first came into use on 15 September 1973
- Only Bangladesh Bank can introduce a new note
- The Security Printing Press is at Gazipur
- The highest-value note is Tk 1000
- Old series: Sixty Dome Mosque (Bagerhat) on the Tk 20 note, Tara Mosque (Dhaka) on the Tk 100, Baitul Mukarram on the Tk 10
Watch out: Zubair's book gives 5 March 1972 for the first coin. Bangladesh's coins were first issued in 1973 (Khandokar: 15 September 1973), so the 1972 date is not used here.
Watch out: From 1 June 2025, redesigned Tk 20, 50 and 1000 notes entered circulation with no human portraits. Older notes stay legal tender. The books' note-picture facts describe the old series.
Check yourself
Whose signature is on the Tk 1, 2 and 5 notes?
At a glance
- 1
Bank notes carry the Governor's signature; the Tk 1, 2 and 5 government notes carry the Finance Secretary's.
- 2
Bangladesh's own notes began on 4 March 1972.
- 3
Metal coins were first issued on 15 September 1973; only Bangladesh Bank can introduce a new note.
- 4
There are seven bank notes (Tk 10 to Tk 1000); the highest value is Tk 1000.
- 5
Saving = income − consumption; per capita income = national income ÷ population.