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.
16/07/2019: IMF Bailout Package
Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.
11/12/2013: IMF Loan Program
Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.
12/06/2011: Denomination Revamp
Bangladesh revalues its currency by dropping two zeros from the denominations, making 1000 Taka equal to 10 Taka.
01/12/2008: Global Financial Crisis
The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.
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.
28/05/1999: Introduction of State Bank of Pakistan
The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.
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.
16/12/1971: Separation of East Pakistan
Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.
25/03/1971: Declaration of Independence
Bangladesh declares independence from Pakistan, leading to the establishment of the Bangladeshi Taka as the official currency.
01/07/1955: Replacement of Indian Rupee
The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.
17/08/1947: Independence of Pakistan
The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.