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The ৳1 and ৳5 notes have mostly been replaced with coins since the early 2000s. The taka was introduced as the official currency of Bangladesh in 1972, and since then, the country has introduced higher denomination notes, such as the 50-taka note in 1977 and the 1,000-taka note in 2008. After Bangladesh became independent in 1971, the country started using its own money. This change was to keep up with the country’s growing economy and rising prices. Discussions are underway about only letting a few manpower agencies participate in a syndicate. This means others will be excluded from Malaysia’s labour market, forced to lay off staff or close.
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