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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 Pakistani 10-rupee coin (Rs. 10) is a denomination of the Pakistani rupee. [ 1 ] The 10-rupee coin is a yellow, round piece with a serrated edge , a weight of 5.50 grams, and a diameter of 25.5mm.
Rupee 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), and Tibet.
During Eid al-Fitr, shopkeepers across Pakistan refused to accept the 75-rupee notes, sparking rumors of their potential demonetization. In response, State Bank of Pakistan spokesperson Abid Qamar addressed the issue in a video posted on the central bank’s official Twitter account. He reassured the public that the 75-rupee commemorative note ...
The Pakistani rupee was pegged to the pound sterling until 1982, when the government of General Zia-ul-Haq, changed it to a managed float regime. As a result, the rupee devalued by 38.5% between 1982/83, and many of the industries built by his predecessor suffered a huge surge in import costs.
25 Rupee Coin June 2, 2014 To commemorate the Golden Jubilee of Pakistan Navy Submarine Force. Cupro Nickel, Copper 75%, Nickel 25% The coin shall be round, Dimension of 30 mm (and weight of 12 grams). 50,000 16 20 Rupee Coin January 31, 2015 To commemorate the “Pakistan-China Year of Friendly Exchange 2015”. Cupro Nickel, Copper 75% ...
Furthermore, the Indo-Pakistan War of 1965 led the US and other countries friendly towards Pakistan to withdraw foreign aid to India, which necessitated more devaluation. Defense spending in 1965/1966 was 24.06% of total expenditure, the highest it has been in the period from 1965 to 1989 (Foundations, pp 195).
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]