Evolution of Pakistani currency since 1947


When Pakistan was carved from British India on August 14, 1947, it has no currency notes or coins of its own, not the central bank or mint to print paper currency or mint coins. In order to keep pace with the country’s new requirements, issued the ruling General of undivided India, “Pakistan’s (International Monetary System and Reserve Bank) Order, 1947” on August 14, 1947, the day before the partition. Under this system, The Reserve Bank of India to serve as a common currency for India and Pakistan authority until September 30, 1948, allowing for a cushion of almost a year to the State of the offspring to issue its own currency. As an interim arrangement, and the banknotes and coins issued by the Reserve Bank of India and the Government of India to be the official currency in Pakistan. And so it was written on the currency from the Reserve Bank of India with the words “the government of Pakistan,” both in Urdu and English, and put into circulation from April 1, 1948 under the responsibility of the Government of Pakistan. So, after a seven-month period where observations lasted from the Reserve Bank of India and the Government of India to circulate in Pakistan, notes an average of Reserve Bank of India in denominations of 2.5, introduced 10 and 100 rupees as planned, along with an adjustable observations Rs 1 the Government of India. Indian currency consisted of two inscriptions on the front of the observations in the upper part of the custom to display the watermark is a “government of Pakistan,” the white area has been included in the English language, while at the bottom of the white area and delivery Urdu for the same phrase appears, any “Hakoomat electronic and Pakistan. ” These inscriptions, have been modified printing plates, instead of metadata to avoid fraud, the meantime, the Pakistani government has assigned the Ministry of Finance to create a special state bank in the country from July 1, 1948. In spite of the scarcity of staff, as most non-Muslims, the workers left for India and resources, and it took Pakistani staff itself as a challenge to prepare a three-month state bank before the date of the dead from September 1948. the government issued “the State Bank of Pakistan Order 1948” on may 12, 1948 under delegated to the governor General of Pakistan’s authority under the provisions of Article 9 of the independence of India Act, 1947. Once the central bank has been established, has stepped up its efforts to issue Pakistani currency for a lot before a certain date.

 

 

An initial set of banknotes, in category 5, 10 and 100 rupees, and it was Thomas de La Rue and Company of Great Britain is ready. The deep blue note 5 rupees and 10 rupees in red, and the note was 100 rupees in rich green color. To the right, on the front of each note, and it was crescent and stars in an oval shape, while the left-denomination of each note was written in Urdu in numbers similar to the oval. And repeated doctrine in Urdu at the bottom center, and Western figures at the bottom right. On the front of the notes paintings were at the bottom with the Urdu word for “repeated the Government of Pakistan in the small text. Until 1952 notes produced to Pakistan may come from a variety of sources. Observations runway Bank of India Reserve, which is printed in a security printing the Government of the Indian press in Nasik. the first issue of rupees. He has produced 5, 10 and 100 memoranda of Thomas de La Rue company in Great Britain rupees, while the re. 1 and Rs. has been producing two notes in Great Britain by Bradbury Wilkinson and Company.

After settling with the required currency issue, the next step was to create the first security printing press affiliated to the security printing of Pakistan in Karachi. Was owned in part to the press the British security printing company Thomas De La Rue & Co., Ltd. (40%) and partly by the Government of Pakistan (60%). The paid-up capital of the company 7.5 million rupees. The foundation stone for the acts of the new printing mode in Karachi by Muhammad Ali Jinnah, the Governor General of Pakistan, on March 11, 1949.

Until 1960, when Pakistan adopted the metric system, the Pakistani rupee one every 16 Anna Anna after 4 paisa, any one rupee presence of 64 paisas. As for currencies, there was a single coin or two paisa, one of two pubic Anna 0.4 Ana 0.8 Anna Jelbbh one (the rupee). Thus, it was one Anna base currency (without leaving the two sides of the pubic and one 2 and 8 Anna Anna).

Then in 1960, the country turned to the metric system, and now the Pakistani rupee had one 100 paisa. The coins of one, two, five, 10, 25.50 paisa. Later also it has been added currency rupee one. The banknotes of 1,2,5,10,50,100 and 500 in use for some time now.

 

Current currency traded from Rs.10,50,100 and 500 denominations notes are as follows: Recently, given the decreasing value of the sub-divisions of the rupee one, not only banknotes of one, has been replaced by two and five with the coins, but all coins of the rupee has also stopped less than one to have any value they are not in Trading anymore. Recently, the currency notes have been added between 20 and 5000 to inventory. These observations have many included in these security features and fraud opportunities made almost negligible.

On November 10, the State Bank of Pakistan has issued new currency notes of 100 and 500 rupees denomination. These notes carry a special identity features for the blind will go a long way to address the leaves of counterfeit currency already in circulation in the country. The back of Rs. 100 fee note residency visits to the Great Leader, where he spent his last days, while it seems Badhahi Lahore mosque on the background of Rs. 500 note. (Photo courtesy of AFP). There was a lot of hue and cry when the revised West State Rs.20 / – banknotes since it was quite similar to Rs.5000 / – that even educated people sometimes got confused and gave away Rs.5000 / – NOTE instead of Rs.20 / – Note. Now a new design and color of Rs. 20 note in circulation. As it has been the restoration of a memorandum of five rupee as it is very cumbersome to do a five rupee coin.

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 History of Pakistani Currency Note 1947 to 2017

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Evolution of Pakistani currency since 1947

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