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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.
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On July 17, 2016, the federal government of Pakistan authorized the State Bank of Pakistan (SBP) to distribute a Rs10 coin. [2] The coin was issued on October 24, 2016, by the State Bank of Pakistan. [2] In April 2023, it was reported that the 10-rupee coin has faced challenges in gaining widespread acceptance as a legal tender. [3]
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.
The Pakistani 75 Rupee Commemoration Notes are Commemorative denominations of Pakistani Rupee issued by the State Bank of Pakistan(SBP).The Green Coloured 75 Rupee Note was released on 17th August 2022 marking the 75th Independence Anniversary of Pakistan, featuring key figures in the nation's history to commemorate their "struggles" for the country.
The Pakistani 5-rupee coin (Rs. 5) is a denomination of the Pakistani rupee. [1] The 5-rupee coin is an alloy comprising 79 percent copper, 20 percent zinc, and 1 percent nickel. [2] [3] It weighs 3 grams and measures 18.5 mm in diameter. [2] [3]
20 Rupee Coin January 31, 2015 To commemorate the "Pakistan-China Year of Friendly Exchange 2015". Cupro Nickel, Copper 75%, Nickel 25% The coin shall be round, Dimension of 27.5 mm (and weight of 10 grams). 100,000 [7] 16 20 Rupee Coin March 16, 2015 To commemorate the"100 years of Glory" Islamia College, Peshawar.
Rupee (UK: / ˌ r uː ˈ p iː /, US: / ˈ r uː p iː /) [1] [2] is the common name for the currencies of India, Mauritius, Nepal, Pakistan, Seychelles, and Sri Lanka, and of former currencies of Afghanistan, Bahrain, Kuwait, Oman, the United Arab Emirates (as the Gulf rupee), British East Africa, Burma, German East Africa (as Rupie/Rupien ...