20/03/2020: Banned Old Notes
Bangladesh bans the circulation of old 1000 Taka notes to combat counterfeit currency and encourage the use of new security-enhanced banknotes.
18/03/2020: COVID-19 pandemic impact
The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.
13/10/2011: Record high exchange rate
The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.
12/06/2011: Denomination Revamp
Bangladesh revalues its currency by dropping two zeros from the denominations, making 1000 Taka equal to 10 Taka.
06/10/2008: Global Financial Crisis
The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.
01/07/2007: Introduction of Polymer Banknotes
Bangladesh introduces polymer banknotes for the first time, enhancing durability, security, and public acceptance of the Bangladeshi Taka.
30/06/1996: Introduction of the polymer banknotes
Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.
08/03/1983: Floating of the Australian dollar
The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.
02/03/1976: Introduction of Decimal System
Bangladesh transitions from the Indian Rupee-based monetary system to the decimal-based system, resulting in the issuance of new banknotes and coins.
15/08/1975: Assassination of Sheikh Mujibur Rahman
The assassination of Sheikh Mujibur Rahman, the founding father of Bangladesh and the advocate for the Bangladeshi Taka, creates political instability and economic challenges.
04/01/1972: Introduction of Bangladeshi Taka
The Bangladeshi Taka is introduced as the national currency replacing the Pakistani Rupee at par.
12/12/1971: End of the fixed exchange rate
Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.
25/03/1971: Declaration of Independence
Bangladesh declares independence from Pakistan, leading to the establishment of the Bangladeshi Taka as the official currency.
13/02/1966: Decimalisation of the Australian currency
Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.