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|
Pakistan Currency Coins
As of now, Pakistan has the following coins in circulation. All have a crescent and star at the front except Rupee 1 coin, and the following images at the back.
|Pakistani 1 Rupee Coin||Quaid e Azam||Lal Shahbaz Qalandar Mausoleum|
|Pakistani 2 Rupees Coin||Crescent & Star||Badshahi Mosque|
|Pakistani 5 Rupees Coin||Crescent & Star||The Number 5|
|Pakistani 10 Rupees Coin||Crescent & Star||Faisal Mosque|
Pakistani 50 Rupees Coin to Mark Guru Nanak 550th Birthday
In 2019, the government also launched a commemorative 50 rupees coin to celebrate the 550th birthday of Guru Nanak and to mark the opening of Gurdwara of Kartarpur Pakistan.
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One thought on “Pakistan Currency – Coins, Bank Notes, History, Currency Rate in Pakistan”
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