Timeline

• 25.12.1971
• Acting president's order [Bangladesh Bank (Temporary), No. 2] on the establishment of the Bangladesh Bank (out of the State Bank of Pakistan) and the creation of a national currency; effective upon constitution of the bank on 16.12.1971 (retroactive)
  - 31.10.1972: President's order [Bangladesh Bank, No. 127], making the temporary order permanent; effective 16.12.1971 (retroactive)
• 24.07.1972
• President's orders [Coinage, No. 83] and [Currency, No. 84] on the issuance of banknotes and coins; effective 26.03.1971 (retroactive)
• 04.03.1972
• Start of currency exchange:
  - 03.01.1972: Bank announcement that notes of 50, 10, 5, 1 Pakistani Rupees continued to be legal tender (notes of 500, 100 Pakistani Rupees had been demonetized by the Pakistani government on 08.06.1971 and remained so).
  - 04.03.1972: Start of issuance of new banknotes (step-wise per denomination) and coins
  - 08.03.1972: Demonetization of banknotes of 50 Pakistani Rupees (by President's order [Bangladesh Bank (Demonetization of Currency Notes), No. 20] of 04.03.1972); denominations of 10, 5 Pakistani Rupees were demonetized on 12.06.1972.
  - 15.09.1973: Start of issuance of new coins.
• 07.04.1975
• Currency confiscation (by law ["The Hundred-Taka Demonetised Notes (Mode of Payment and Recovery of Taxes) Act", No 35] of 21.07.1975):
  - The note of 100 Bangladeshi Taka was declared invalid with immediate effect and had to be deposited.
  - Later on, a maximum of 800 Bangladeshi Taka was paid out, excess amounts were converted into non-transferable government bonds.

Valuation Regimes

• 1972-1976
• Fixed rate against British Pound
• 1976-
• Variable rate