Jinnah of Pakistan

Pakistan Currency

A national currency is a point of pride, seen as absolutely essential to the identity of the nation, like a stamp, a flag or a national anthem.

The national pride of many countries is deeply wound up in the maintenance of national symbols, of which the currency is one. This is particularly true of the younger nations of the world, who gained their independence in the last 60 years, since World War II. For many of them, the national currency (along with other institutions such as national airlines) is an important symbol separating them from their colonial past.

As other currencies of the world, the Pakistani Rupee fulfils certain criteria of which a few are mentioned below:

Name:

The name of the currency is chosen by the community, reflecting community identity, culture and linkage to previous forms of money.

The word Rupee derives from the Sanskrit word for Silver - 'Rupya'.

Value:

Different valuations of the note are represented visually, by using a different colour. Moreover the value of the currency is identified in the language used by the community, and in the language used by the country.

Notes issued pre-1971 were in both Urdu and Bengali. With the independence of Bangladesh, the Pakistani Rupee has only Urdu text.

The only exception from the above mentioned are the words 'State Bank of Pakistan' and value of the note, which are in English.

Graphic Representation of the Community:

Graphics chosen reflect the identify and livelihoods of its citizens. Graphics depict/have depicted issues such as: local vegetation, geographic features, objects or examples of community pride.

The monetary unit of Pakistan consists of 100 paisa. From 1947 to 1972, Pakistan was a member of the sterling area, but in 1971, when the United States dollar was devalued, the rupee was unpegged from sterling and pegged to the dollar at the rate of Rs4.76 per US$1. On May 12, 1972, the rupee was devalued from Rs4.76 to Rs11 per US$1. In February 1973, when the dollar was again devalued, the rupee maintained its value in terms of gold, and its value in relation to the dollar rose to Rs9.90 per US$1, where it remained until January 1982. After January 1982, the rupee was pegged to a market basket of currencies important to Pakistan's trade. The rupee subsequently depreciated steadily against the dollar, reaching Rs30.30 to US$1 at the end of February 1994.

Bank Notes

Bank Note	Description	Image	View image
1947-1948	1 Rupee	Obverse & Reverse
1953-1963	1 Rupee	Obverse & Reverse
1973	1 Rupee	Obverse & Reverse
1975-1981	1 Rupee	Obverse & Reverse
1983	1 Rupee	Obverse & Reverse
1947	2 Rupees	Obverse & Reverse
1986	2 Rupees	Obverse & Reverse
1947 - 1948	5 Rupees	Obverse & Reverse
1951	5 Rupees	Obverse & Reverse
1957	5 Rupees	Obverse & Reverse
1972-1978	5 Rupees	Obverse & Reverse
1975-1984	5 Rupees	Obverse & Reverse
1997	5 Rupees	Obverse & Reverse
1947	10 Rupees	Obverse & Reverse
1953	10 Rupees	Obverse & Reverse
1957	10 Rupees	Obverse & Reverse
1957	10 Rupees [for Hajj Pilgrims]	Obverse & Reverse
1970	10 Rupees [for Hajj Pilgrims]	Obverse & Reverse
1973	10 Rupees	Obverse & Reverse
1986	10 Rupees	Obverse & Reverse
2006	10 Rupees	Obverse & Reverse
2005	20 Rupees	Obverse & Reverse
1957	50 Rupees	Obverse & Reverse
1972-1978	50 Rupees	Obverse & Reverse
1981-1982	50 Rupees	Obverse & Reverse
1947-1948	100 Rupees	Obverse & Reverse
1953	100 Rupees	Obverse & Reverse
1957	100 Rupees	Obverse & Reverse
1973	100 Rupees	Obverse & Reverse
1975	100 Rupees	Obverse & Reverse
1975	100 Rupees [for Hajj Pilgrims]	Obverse & Reverse
2006	100 Rupees	Obverse & Reverse
1964	500 Rupees	Obverse & Reverse
1986	500 Rupees	Obverse & Reverse
2006	500 Rupees	Obverse & Reverse
1987	1000 Rupees	Obverse & Reverse
2006	1000 Rupees	Obverse & Reverse
2006	5000 Rupees	Obverse & Reverse

Notes
Issue of Notes Rs. 1 and Rs. 2 was discontinued as from July 1, 1998 and after replacement with coins, these Notes were to remain in circulation until December 31, 2001.