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Currently, workers in Nepal also have to fork out almost RM13,000 to come to Malaysia. If these new conditions are implemented, these payments will only increase further. Both associations also claimed the requirements were merely a ploy to control the market and sideline new agencies. They also alleged that certain individuals in Malaysia were the “masterminds” behind an attempt to revive the syndicate system. “As soon as the letter from the Malaysian government came out, several individuals in Nepal began offering ‘assistance’ to get approval. Most asked not to be identified discussing sensitive matters, with some citing fear of retribution.
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- The migration management system involving FWCMS and Bestinet utilized for migration from Bangladesh to Malaysia is accused of non-transparent behaviour and essentially trading in human misery.
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- All banknotes have a picture of Bangabandhu Sheikh Mujibur Rahman.
- As Bangladesh did not have a security printing press of its own, the government had to consult the Indian printing presses to print the notes.
The note bears the portrait of Bangabandhu Sheikh Mujibur Rahman and the National Martyr’s Monument in Savar on the front. On the back of the note, Shilpacharya Zainul Abedin’s famous painting “Ploughing” is used. But unfortunately, there was a mistake in the spelling of the name of the artist. The notes were withdrawn and a new set of Tk50 was printed with the corrections.
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One-taka coins are also rare and hardly ever used due to inflation. You can exchange other currencies for Bangladeshi taka at various locations, including banks and currency exchange offices. It’s essential to know the current exchange rates before making a transaction. The taka is divided into 100 poishas, and the singular form of poishas is poisha. The Bangladesh Bank, which is the central bank of Bangladesh, issues most taka bills, except for the ৳1 and ৳2 notes, which are printed by the Bangladesh Ministry of Finance. In Bangla, “taka” is used colloquially to refer to any form of money or currency, regardless of its denomination.
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