Pakistan Currency - Coins, Bank Notes, History, Currency Rate in Pakistan

Pakistan Currency – History & Overview

The Pakistani rupee (abbreviated as PKR) is the official currency of Pakistan since 1948. The currency (coins & notes) are controlled and issued by Pakistan’s central bank, the State Bank of Pakistan.

History of Pakistani Rupee

Rupee is the English word for rūpiya – which is itself derived from a Sanskrit word. Its meaning is “wrought silver or a coin of silver.”

Rūpaya was originally used to denote the coins that were introduced by ruler Sher Shah Suri.

Pakistani rupee was circulated for the first time in 1947. For one year, Pakistan used British Indian notes and coins by over-stamping them with the word “Pakistan”.

In 1948, new banknotes and coins were issued. One rupee was divided into 16 annas.

The Pakistani currency was decimalized on 1st January 1961 – and the Pakistani rupee was subdivided into 100 Paisas.

Pakistan Bank Notes

As of now, Pakistani Currency has the following banknotes in circulation. All have the image of Quaid e Azam at the front and the following images at the back.

Pakistani 10 Rupees Note	Khyber Pass
Pakistani 20 Rupees Note	Mohenjodaro
Pakistani 50 Rupees Note	Karakoram Peak
Pakistani 100 Rupees Note	Quaid’s Residency
Pakistani 500 Rupees Note	Badshahi Mosque
Pakistani 1000 Rupees Note	Islamia College Peshawar
Pakistani 5000Rupees Note	Faisal Mosque