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The Pakistani rupee
(PKR) is the
official 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,
it is used in
receipts when
purchasing goods and
services. Under the
ISO 4217 code for
the Pakistani rupee
the code is PKR. In
Pakistan, the
Pakistani rupee is
referred to as the
"rupees", "rupaya"
or "rupaye".
Overview
The Pakistani
rupee is no longer
subdivided into 100
paisa (singular
paisa), because
State Bank has
stopped minting it.
Pakistani rupees
starts from 1 rupee
and goes up to 5000
rupees. As standard
in Indian English,
large values of
Pakistani rupees as
the system is the
same are counted in
terms of thousand,
lakh (100 thousand,
in digits 1,00,000),
and crore (10
million, in digits
1,00,00,000).
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 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, each of 4
pice or 12 pies. The
currency was
decimalized in 1961,
with the rupee
subdivided into 100
paise (singular
paisa). However as
paisa was becoming
unpopular, the state
bank took a decision
to no longer mint
them and start the
currency from PKR 1
rupee, hence,
ridding of the
decimal point.
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 (no
longer minted)
- 1 rupee
- 2 rupee
- 5 rupee
Click here to view complete Rupee chart.
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