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The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan . It was officially adopted by the Government of Pakistan in 1949.
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Pakistani rupee (روپیہ) – Pakistan;
India changed from the rupee, anna, pie system to decimal currency on 1 April 1957. Pakistan decimalised its currency in 1961. In India, Pakistan, and other places under British colonization where a system of 1 rupee = 16 anna = 64 pice (old paisa) = 192 pie was used, the decimalisation process defines 1 rupee = 100 naya (new) paisa. The ...
The issuance of the Indian currency is controlled by the Reserve Bank of India, and issuance of Pakistani currency is controlled by State Bank of Pakistan. Currently in India (from 2010 onwards), the 50 paise coin (half a rupee) is the lowest valued legal tender coin.
A pie (abbreviated as Ps) was a unit of currency in India, Burma and Pakistan until 1947. It was the smallest currency unit, equal to 1 ⁄ 3 of a pice, 1 ⁄ 12 of an anna or 1 ⁄ 192 of a rupee. During the mid-nineteenth century, one pie was worth 12 cowry. [1] Minting of the pie ended in 1942, though it remained in circulation for a further ...
It was subdivided into four pices or twelve pies (thus there were 192 pies in a rupee). When the rupee was decimalised and subdivided into 100 (new) paise, one anna was therefore equivalent to 6.25 paise. The anna was demonetised as a currency unit when India decimalised its currency in 1957, followed by Pakistan in 1961. It was replaced by the ...
This is a multifunction template. At its simplest, it adds the currency mark "Rs.", as recommended by MOS:CURRENCY for many situations. The template can also link to the Pakistani rupee article and can even calculate inflation. See warnings below.
The Pakistani rupee depreciated against the US dollar until around the start of the 21st 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.