Pakistani rupee
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The Pakistani rupee (PKR) is the currency of Pakistan.
History
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 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.
The Pakistani rupee was put into circulation after the country became independent from India 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, each of 4 pice or 12 pies. The currency was decimalized in 1961, with the rupee subdivided into 100 paise (singular paisa).
Coins
- 1 Anna (no longer minted)
- 1 Paisa (no longer minted)
- 5 Paise (no longer minted)
- 10 Paise (no longer minted)
- 25 Paise (no longer minted)
- 50 Paise
- 1 Rupee
- 2 Rupee
- 5 Rupee
Banknotes
- 1 Rupee (no longer printed)
- 2 Rupee (no longer printed)
- 5 Rupee (no longer printed)
- 10 Rupee (new version introduced)
- 20 Rupee
- 50 Rupee (new version will be introduced)
- 100 Rupee (new version will be introduced)
- 500 Rupee (new version will be introduced)
- 1,000 Rupee (new version will be introduced)
- 5,000 Rupee
| Denomination | Dimensions | Dominant Color(s) | Back Illustration |
|---|---|---|---|
| 1 Rupee | |||
| 2 Rupees | |||
| 5 Rupees | |||
| 10 Rupees | |||
| New 10 Rupees | |||
| 20 Rupees | |||
| 50 Rupees | |||
| 100 Rupees | |||
| 500 Rupees | |||
| 1000 Rupees | |||
| 5000 Rupees |
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Future Notes
The State Bank of Pakistan issued a report dated May 26, 2006 in which they introduced the new version of Rs.10/-(10 Rupee Note) and the new Rs.5,000/-(5000 Rupee Note). The State Bank of Pakistan further states, in their report, that new designs of Rs.50/-(50 Rupee Note), Rs.100/-(100 Rupee Note), Rs.500/-(500 Rupee Note) and Rs.1,000/-(1,000 Rupee Note)banknotes will be launched during the next fiscal year.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.
External links
- [State Bank of Pakistan]
- [Business Recorder]
- [State Bank to issue Rs.5000/- and New Rs.10/- Banknotes from 27th May, 2006: Governor]
| Rupees | |
|---|---|
| Current
| Indian rupee > Indonesian rupiah | Maldivian rufiyaa | Mauritian rupee | Nepalese rupee | Pakistani rupee | Seychelles rupee | Sri Lankan rupee |
| Defunct
| Afghan rupee > Bhutanese rupee | Burmese rupee | Danish Indian rupee | (British) East African rupee | French Indian rupee | German East African rupie | Gulf rupee | Hyderabad rupee | Italian Somaliland rupia | Netherlands Indian roepiah | Portuguese Indian rupia | Riau rupiah | Travancore rupee | West New Guinean rupiah | Zanzibari rupee |
| Fictional
| Hyrulian rupee |
| See also
| History of the rupee |
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