Saturday, September 18, 2021

Money & Shopping in Bangladesh

AsiaBangladeshMoney & Shopping in Bangladesh

Bangladesh’s currency is the Bangladeshi Taka (BDT / Tk). As of August 2014, 1 EUR is worth about 102 Tk, 1 GBP is worth around 128 Tk, and 1 USD is worth around 77 Tk. On the official website of the Bank of Bangladesh, the country’s central bank [www], you may get the most up-to-date currency rate. However, depending on the money exchange situation, this rate may fluctuate.

Bangladesh is one of the world’s biggest custom-made garment producers, exporting clothes for well-known brands such as Nike, Adidas, and Levis. Despite the fact that these items are not often sold in local marketplaces, they may be purchased in abundance in well-known shopping districts such as Banga Bazaar and Dhaka College.

The pricing in most shops are not set in stone. Even most shops with “set price” signs are open to bargaining. Prices may be drastically lowered. If haggling isn’t your strong suit, gently inquire about what a close neighbor thinks you should pay. There are also many artisan stores and boutiques. In and around Dhaka and Chittagong, there are many retail malls. Foreigners will generally be paid a higher price; however, they will not usually be charged a set amount, which is usually just a bit more than what locals would pay, with the exception of a few minor goods. cents

With shops in Dhaka, Chittagong, Sylhet, and Khulna, Aarong [www] is one of the biggest and most popular handicraft and apparel businesses in Bangladesh. It’s a wonderful location to pick up some mementos or a nice kurta or salwar kameez for a set price.

A cotton shalwar kameez may be found for about Tk 400 in a bazaar or Tk 800-1500 in a shop for women. Silk is more costly.

ATMs may be found in all cities, even the tiniest. All MasterCard and Visa credit and debit cards are accepted at these ATMs. For their own customers, most of the country’s foreign banks, such as Standard Chartered and Citibank, depend on Dutch-Bangla Bank’s Nexus TM ATM network. Most hotels have HSBC ATMs [www], however they only take Visa debit/credit cards and HSBC GlobalAccess TM cards (not MasterCard).

Because most ATMs are placed within a building with a security guard standing (or more often sitting) watch at the entrance, they are generally very safe to use.