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Encyclopedia > Pakistani rupee
Pakistani rupee
روپیہ (Urdu)
Coins of various denominations
5000 rupees note Coins of various denominations
ISO 4217 Code PKR
User(s) Pakistan
Inflation 7.9%
Source World Factbook, 2006 est.
Subunit
1/100 paisa
Symbol Rs.
Coins
Freq. used Re. 1 (new version), Rs. 2, Rs. 5
Rarely used Re. 1 (old version)
Banknotes
Freq. used Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500, Rs. 1000
Rarely used Rs. 5000
Central bank State Bank of Pakistan
Website www.sbp.org.pk

The rupee (Urdu: روپیہ, ISO 4217 code: PKR) is the currency of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. The most commonly used symbol for the rupee is Rs, used on receipts when purchasing goods and services. In Pakistan, the rupee is referred to as the "rupees", "rupaya" or "rupaye". As standard in Indian English, large values of rupees are counted in terms of thousands, lakh (100 thousand, in digits 1,00,000) and crore (10 million, in digits 1,00,00,000). The acronym PKR can refer to: Pakistani rupee, the ISO 4217 code for the currency of Pakistan Parti Keadilan Rakyat, a political party in Malaysia also known as the Peoples Justice Party or Keadilan Pokhara Airport (Nepal) PKR.com, an online poker site Protein kinase R, a kinase activated... Image File history File linksMetadata PKR_5000_Front. ... Image File history File links No higher resolution available. ... A Paisa (pl. ... The State Bank of Pakistan (SBP) is the central bank of Pakistan. ... The phrase Zaban-e Urdu-e Mualla written in Urdu Urdu () is an Indo-European language of the Indo-Aryan family that developed under Persian, Turkish, Arabic, Hindi, and Sanskrit influence in South Asia during the Delhi Sultanate and Mughal Empire (1200-1800). ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... The State Bank of Pakistan (SBP) is the central bank of Pakistan. ... Indian English comprises several dialects or varieties of English spoken primarily in India, and/or by first generation Indian diaspora elsewhere in the world. ... A lakh (Hindi: लाख, Urdu: Ù„Ú©Ú¾, Bengali: , Tamil : இலட்சம்) is a unit in the Indian numbering system, widely used both in official and other contexts in Bangladesh, India, Sri Lanka, and Pakistan. ... The traditional, ancient Indian numbering system, used today in India, Pakistan, Bangladesh,Nepal and Myanmar (Burma), is based on a unique grouping of 2 decimal places, rather than the 3 decimal places commonplace in the West (China, Korea, and Japan, for instance, use 4). ... A crore is a unit in the Indian numbering system, still widely used in Bangladesh, India, Myanmar, Sri Lanka, and Pakistan. ...

Contents

History

Main article: History of the rupee

The origin of the word "rupee" is found in the Sanskrit word rūp or rūpā, which means "silver" in many Indo-Aryan languages. The Sanskrit word rūpyakam (रूप्यक) means coin of silver. The derivative word Rūpaya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE. It has been suggested that this article or section be merged into Rupee. ... This article is about the chemical element. ... The Indo-Aryan languages form a subgroup of the Indo-Iranian languages, which belong to the Indo-European family of languages. ... Sher Shah Suri Sher Shah Suri (1486 – 1545) (Pashto/Persian: - Å Ä«r-Šāh ṢūrÄ«) also known as Sher Khan and as The Lion King, was founder of the Sur Dynasty of northern Indian rulers. ...


The Pakistani rupee was put into circulation after the country became independent from the British Raj in 1947. For the first few months of independence, Pakistan used Indian coins and notes with "Pakistan" stamped on them. New coins and banknotes were issued in 1948. Like the Indian rupee, it was originally divided into 16 annas (آن), each of 4 pice (پيس) or 12 pie (پاى). The currency was decimalized in 1961, with the rupee subdivided into 100 pice, renamed (in English) paise (singular paisa) later the same year. However, coins denominated in paise have not been issued since 1994. Anthem God Save The King The British Indian Empire, 1909 Capital Calcutta (until 1912), New Delhi (after 1912) Language(s) Hindustani, English and many others Government Monarchy Emperor of India  - 1858-1901 Victoria¹  - 1901-1910 Edward VII  - 1910-1936 George V  - 1936 Edward VIII  - 1936-1947 George VI Viceroy²  - 1858... Year 1947 (MCMXLVII) was a common year starting on Wednesday (link will display full 1947 calendar) of the Gregorian calendar. ... “INR” redirects here. ... Year 1961 (MCMLXI) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... A Paisa is one-hundredth subdivision of currency, often rupees. ... A Paisa (pl. ...


Coins

In 1948, coins were introduced in denominations of 1 pice, ½, 1 and 2 annas, ¼, ½ and 1 rupee. 1 pie coins were added in 1951. In 1961, coins for 1, 5 and 10 pice were issued, followed later the same year by 1 paisa, 5 and 10 paise coins. In 1963, 10 and 25 paise coins were introduced, followed by 2 paise the next year. 1 rupee coins were reintroduced in 1979, followed by 2 rupees in 1998 and 5 rupees in 2002. 2 paise coins were last minted in 1976, with 1 paisa coins ceasing production in 1979. The 5, 10, 25 and 50 paise all ceased production in 1994.

Currently Circulating Coins
Depiction (Front) Depiction (Back) Value Year in Use Composition Front Illustration Back Illustration
Re. 1 (Old Version) 1948 - Present Cupro-nickel Cresent and Star Floral Wreath
Re. 1 (New Version) 1998 - Present Bronze Quaid-e-Azam, Muhammad Ali Jinnah Badshahi Masjid in Lahore
Rs. 2 1998 - Present Brass Cresent and Star Badshahi Masjid, Lahore
Rs. 5 2002 - Present Cupro-nickel Cresent and Star
For table standards, see the coin specification table.

Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Cupronickel is an alloy of copper, nickel and stengthening impurities. ... The National Emblem of Pakistan was adopted in 1954 upon approval by the government. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Assorted ancient Bronze castings found as part of a cache, probably intended for recycling. ... Muhammad Ali Jinnah (Urdu:  ) (December 25, 1876 – September 11, 1948) was an Indian Muslim politician and leader of the All India Muslim League who founded Pakistan and served as its first Governor-General. ... View from Minto Park The Badshahi Masjid (بادشاەى مسجد), or the Emperors Mosque, was built in 1673 by the Mughal Emperor Aurangzeb in Lahore, Pakistan. ...   (Urdu: لاہور, Punjabi: لہور, pronounced ) is the capital of the province of Punjab and is the second largest city in Pakistan after Karachi. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ...

Type of Coins in Pakistan

  • Anna Coin System
  • Decimal Coin System
  • Commemorative Coins of Pakistan

These coins were issued on special occasions to commemorate occasions or services of national heroes or dignitaries who have rendered special services of great significance in the annals of National history. ...

Banknotes

In 1947, provisional issues of banknotes were made, consisting of government of India and Reserve Bank of India notes for 1, 2, 5, 10 and 100 rupees overprinted with the text "Government of Pakistan" in English and Urdu. Regular government issues commenced in 1948 in denominations of 1, 5, 10 and 100 rupees. The government continued to issue 1 rupee notes until the 1980s but other note issuing was taken over by the State Bank in 1953, when 2, 5, 10 and 100 rupees notes were issued. Only a few 2 rupees notes were issued. 50 rupees notes were added in 1957, with 2 rupees notes reintroduced in 1985. In 1986, 500 rupees notes were introduced, followed by 1000 rupees the next year. 2 and 5 rupees notes were replaced by coins in 1998 and 2002. 20 rupees notes were added in 2005, followed by 5000 rupees in 2006.


All banknotes other than the 1 and 2 rupees feature a portrait of Muhammad Ali Jinnah on the obverse along with writing in Urdu. The reverses of the banknotes vary in design and have English text. The only Urdu text found on the reverses is the Urdu translation of the Prophetic Hadith, "Seeking honest livelihood is worship of God." Muhammad Ali Jinnah (Urdu:  ) (December 25, 1876 – September 11, 1948) was an Indian Muslim politician and leader of the All India Muslim League who founded Pakistan and served as its first Governor-General. ... Urdu ( , , trans. ... The English language is a West Germanic language that originates in England. ...


The banknotes vary in size and colour, with larger denominations being longer than smaller ones. All contain multiple colours. However, each denomination does have one colour which predominates. All banknotes feature a watermark for security purposes. On the larger denomination notes, the watermark is a picture of Jinnah, while on smaller notes, it is a crescent and star. Different types of security threads are also present in each banknote.


Typically, older Pakistani banknotes are in bad condition. A 2006-printed banknote can be found to have tears and ink smudges, and new banknotes are constantly being printed to replace them. It is not unusual to find a banknote printed in 2007 in circulation presently.

Banknotes before the 2005 Series [1]
Image Value Dimensions Main Colour Description - Reverse Status
Obverse Reverse
Re. 1 95 × 66 mm Brown Tomb of Muhammad Iqbal in Lahore No longer in Circulation
Rs. 2 109 × 66 mm Purple Badshahi Masjid in Lahore
Rs. 5 127 × 73 mm Burgundy Khojak Tunnel in Balochistan
Rs. 10 141 × 73 mm Green Mohenjo-daro in Larkana District No longer printed - Still in Circulation
Rs. 50 154 × 73 mm Purple and Red Alamgiri Gate of the Lahore Fort in Lahore In Circulation
Rs. 100 165 × 73 mm Red and Orange Islamia College in Peshawar No longer printed - Still in Circulation
Rs. 500 175 × 73 mm Green, tan, red, and orange The State Bank of Pakistan in Islamabad
Rs. 1000 175 × 73 mm Blue Tomb of Jahangir in Lahore No longer printed - Still in Circulation
These images are to scale at 0.7 pixels per millimetre, a standard for world banknotes. For table standards, see the banknote specification table.

The State Bank has started a new series of banknotes, phasing out the older designs for a new, more secure ones. 1 Pakistani Rupee (front) Taken from Ron Wises World Paper Money Homepage. ... 1 Pakistani Rupee (Back) Taken from Ron Wises World Paper Money Homepage. ... The tomb of Muhammad Iqbal is located in Lahore, Pakistan just outside of the Badshahi Mosque, in the Hazuri Bagh. ...   (Urdu: لاہور, Punjabi: لہور, pronounced ) is the capital of the province of Punjab and is the second largest city in Pakistan after Karachi. ... Pakistan 2 Rupees (front) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 2 Pakistani Rupees (back) File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... View from Minto Park The Badshahi Mosque (Urdu: بادشاھی مسجد), or the Emperors Mosque, was built in 1673 by the Mughal Emperor Aurangzeb in Lahore, Pakistan. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... The Khojak Tunnel is a 5. ... Balochistan, or Ballsforchinstan, Balochi, Pashto, Urdu: بلوچستان) is a province in Pakistan, the largest in the country by geographical area. ... 10 Pakistani Rupees (front) Taken from Ron Wises World Paper Money Homepage. ... 10 Pakistani Rupees (back) Taken from Ron Wises World Paper Money Homepage. ... Mohenjo-daro (literally, mound of the dead), like Harappa, was a city of the Indus Valley civilization. ... Larkana or Larkano (Urdu: لاڑکانہ ) is a district of Sindh province of Pakistan. ... 50 Pakistani Rupees (Front) Taken from Ron Wises World Paper Money Homepage. ... 50 Pakistani Rupees (back) Taken from Ron Wises World Paper Money Homepage. ... Alamgiri Gate as depicted on the reverse of a 50 Rupee Banknote The Alamgiri Gate (عالمگيرى داروازا)is the main entrance to the Lahore Fort in present day Pakistan. ... Alamgiri Gate - Main Entrance to Lahore Fort, with Hazuri Bagh Pavilion in foreground The Lahore Fort, locally referred to as Shahi Qila (شاہى قلعه) is the citadel of the city of Lahore, in modern day Pakistan. ... 100 Pakistani Rupees (front) Taken from Ron Wises World Paper Money Homepage. ... 100 Pakistani Rupees (back) Taken from Ron Wises World Paper Money Homepage. ... Islamia College, Peshawar Islamia College is an educational institution located in the city of Peshawar of the North West Frontier Province NWFP, Pakistan. ...   (Urdu: پشاور; Pashto: پښور) literally means City on the Frontier in Persian and is known as Pekhawar in Pashto. ... 500 Pakistani Rupees (front) Taken from Ron Wises World Paper Money Homepage. ... 500 Pakistani Rupees (back) Taken from Ron Wises World Paper Money Homepage. ... The State Bank of Pakistan (SBP) is the central bank of Pakistan. ... Islamabad (Urdu: اسلام آباد) is the capital city of Pakistan, and is located in the Potohar Plateau in the northwest of the country. ... 1000 Pakistani Rupees (front) Taken from Ron Wises World Paper Money Homepage. ... Image File history File links Pakistan_1000_Rupees_b. ... Jahangirs mausoleum in Shahdara, Lahore Tomb of Jahangir, is the mausoleum built for the Mughal Emperor Jahangir who ruled from 1605 to 1627. ...

2005 Series [2]
Image Value Dimensions Main Colour Description - Reverse Date of issue
Obverse Reverse
Rs. 5 TBA TBA TBA TBA
Rs. 10 115 × 65 mm Green Bab ul Khyber which is the entrance to the Khyber Pass, Khyber Agency, FATA May 27, 2006
Rs. 20 123 × 65 mm Brown Mohenjo-daro in Larkana District August 13, 2005
Rs. 50 TBA TBA TBA TBA
Rs. 100 139 × 65 mm Red Quaid-e-Azam Residency in Ziarat November 11, 2006
Rs. 500 147 × 65 mm Rich Deep Green Badshahi Masjid in Lahore
Rs. 1000 155 × 65 mm Dark blue Islamia College in Peshawar February 26, 2007
Rs. 5000 163 × 65 mm Mustard Faisal Mosque in Islamabad May 27, 2006
These images are to scale at 0.7 pixels per millimetre, a standard for world banknotes. For table standards, see the banknote specification table.

Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... The Khyber Pass, also referred to as The Khyber (also spelt the Khaiber Pass or Khaybar Pass) (Urdu: درہ خیبر) (altitude: 1,070 m , 3,510 ft) is the mountain pass that links Pakistan and Afghanistan. ... Khyber (Urdu: خیبر) is a tribal area in FATA region of Pakistan. ... FATA can refer to: The Federally Administered Tribal Areas, areas of Pakistan outside the four provinces. ... is the 147th day of the year (148th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Image File history File links PakistanPNew-20Rupees-2005-dml_f. ... Image File history File links PakistanPNew-20Rupees-2005-dml_b. ... Mohenjo-daro (literally, mound of the dead), like Harappa, was a city of the Indus Valley civilization. ... is the 225th day of the year (226th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Ziarats Minaret and the Juniper Forest Ziarat is a town in Ziarat District, Pakistan. ... Ziarat is a town in Ziarat District, Pakistan. ... is the 315th day of the year (316th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... View from Minto Park The Badshahi Mosque (Urdu: بادشاھی مسجد), or the Emperors Mosque, was built in 1673 by the Mughal Emperor Aurangzeb in Lahore, Pakistan. ... is the 57th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Image File history File linksMetadata PKR_5000_Front. ... Image File history File linksMetadata PKR_5000_Back. ... The Shah Faisal Masjid (Urdu: شاه فيصل مسجد) in Islamabad, Pakistan, is one of the largest mosques in the world. ... is the 147th day of the year (148th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

Hajj banknotes

Due to the large number of pilgrims to the Kingdom of Saudi Arabia during the 1950s, the State Bank of Pakistan provided simple exchange facilities for Hajj pilgrims. The issue of special notes for the express use of the pilgrims was introduced. Although other means of exchange were considered, the high level of illiteracy amongst the pilgrims and the additional costs that would be incurred through the need to purchase such means prevented the government from these methods of exchange. The State Bank Order to allow the issue of these "Hajj notes" was made in May 1950. The State Bank of Pakistan (SBP) is the central bank of Pakistan. ... A currency is a unit of exchange, facilitating the transfer of goods and services. ... World illiteracy rates by country Literacy is the ability to read and write. ... For other uses, see May (disambiguation). ... Year 1950 (MCML) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ...


The use of Hajj notes continued until 1994. Until this date, stocks of notes were used without the necessity of printing new notes with the signatures of the later Governors. It is believed that, once the use of Hajj Notes was discontinued, most of the remaining stock of notes was destroyed. However, a large quantity of notes did find their way into the collector market following their sale to a bank note dealer by the State Bank of Pakistan. The State Bank of Pakistan (SBP) is the central bank of Pakistan. ...

Hajj banknotes of Pakistan
Image Value Main Colour Description - Reverse Date of usage
Obverse Reverse
Rs. 10 Dark purple Shalamar Gardens in Lahore 1960 - 1969
Rs. 10 Dark blue Mohenjo-daro in Larkana 1970 - 19??
Rs. 100 Dark orange Islamia College in Peshawar 1970 - 19??
For table standards, see the banknote specification table.

Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... The Shalimar Gardens, sometimes written Shalamar Gardens, were built by the Mughal emperor Shah Jahan in Lahore, Pakistan. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ...

Exchange rate

Dollar-rupee exchange rate

The Pakistani rupee depreciated against the US dollar until the turn of the century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.





Image File history File links Download high resolution version (1140x840, 17 KB)Dollar-Rupee Exchange Rate Graph July 1, 2001 - December 31, 2003; Author=Egalitus File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links Download high resolution version (1140x840, 17 KB)Dollar-Rupee Exchange Rate Graph July 1, 2001 - December 31, 2003; Author=Egalitus File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ...

Current PKR exchange rates
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See also

The economy of Pakistan is the 2nd largest economy in the world as measured by purchasing power parity (PPP). ...

External links


  Results from FactBites:
 
Pakistani Rupee (1621 words)
The official currency of Pakistan is known as Pakistani rupee that came into use in 1948, almost one year after the formation of the state of Pakistan.
Pakistani rupee is counted among the currencies that use the Indian numbering system based on grouping of 2 decimal places instead of western numbering system that involve the grouping of 3 decimal places.
The Pakistani rupee was introduced in 1948 with subdivision being "annas" @ 1 rupee = 16 annas.
Pakistani rupee - Facts, Information, and Encyclopedia Reference article (292 words)
The Pakistani Rupee (PKR) is the official currency of Pakistan.
All banknotes other than the one and two rupee ones feature a portrait of Muhammad Ali Jinnah on the front along with writing in Urdu.
The Pakistani rupee depreciated against the US dollar until the turn of the century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar.
  More results at FactBites »


 

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