Pakistani rupee - Wikipedia Pakistani rupee Pakistani rupee پاکستانی روپیہ ‬ ( Urdu ) Rs. 1000 banknote ( obverse ) ISO 4217 Code PKR Number 586 Exponent Denominations Subunit ​ ⁄ Paisa Nickname Rupayya, Paisay Banknotes Freq. used 10, 20, 50, 100, 500, 1000 Rupees Rarely used 5000 Rupees Coins Freq. used 1, 2, 5 Rupees Rarely used 10 Rupees Demographics Official user ( s ) Pakistan Unofficial user ( s ) Afghanistan Issuance Central bank State Bank of Pakistan Website www.sbp.org.pk Valuation Inflation 5.2 % ( October 2016 ) Source State Bank of Pakistan The Pakistani rupee ( Urdu : روپیہ ‬ ‎ / ALA - LC : Rūpiyah ; sign : Rs ; code : PKR ) is the currency of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan, the central bank of the country. The most commonly used symbol for the rupee is Rs, used on receipts when purchasing goods and services. In Pakistan, the rupee is also spelled as `` rupees '', `` rupaya '' or `` rupaye ''. As standard in Pakistani English, large values of rupees are counted in terms of thousands, lakh ( 100 thousand ) and crore ( 10 million ), 1 Arab ( 1 billion ), 1 Kharab ( 100 billion ). Contents 1 History 2 Coins 3 Banknotes 4 Hajj banknotes 5 Special banknote 6 Exchange rate 7 See also 8 Notes 9 External links History Rupee coin, made of silver, used in the state of Bahawalpur before 1947. Rupee coin, made of gold, used in the state of Bahawalpur before 1947. Indian rupees were stamped with Government of Pakistan to be used as legal tenders in the new state of Pakistan in 1947. Main article : History of the rupee The word rūpiya is derived from the Sanskrit word rūpya, which means `` wrought silver, a coin of silver '', in origin an adjective meaning `` shapely '', with a more specific meaning of `` stamped, impressed '', whence `` coin ''. It is ` derived from the noun rūpa `` shape, likeness, image ''. 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 in Pakistan after the dissolution of the British Raj in 1947. Initially, Pakistan used British Indian coins and notes simply over-stamped with `` Pakistan ''. 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 pie. The currency was decimalised on 1 January 1961, with the rupee subdivided into 100 pice, renamed ( in English ) paise ( singular paisa ) later the same year. However, coins denominated in paise have not been issued since 1994. Coins First Pakistani Rupee coin, made of nickel, 1948. Commemorative 20 rupees coin on the 150th year of Lawrence College Ghora Gali in 2011. In 1948, coins were introduced in denominations of 1 pice, ​ ⁄, 1 and 2 annas, ​ ⁄, ​ ⁄ and 1 rupee. 1 pie coins were added in 1951. In 1961, coins for 1, 5 and 10 pice were issued, followed later the same year by 1 paisa, 5 and 10 paise coins. In 1963, 10 and 25 paise coins were introduced, followed by 2 paise the next year. 1 rupee coins were reintroduced in 1979, followed by 2 rupees in 1998 and 5 rupees in 2002. 2 paise coins were last minted in 1976, with 1 paisa coins ceasing production in 1979. The 5, 10, 25 and 50 paise all ceased production in 1996. There are two variations of 2 rupee coins ; most have clouds above the Badshahi Masjid but many do n't. The one and two rupee coins were changed to aluminium in 2007. Paisa denominated coins ceased to be legal tender in 2013, leaving the 1 Rupee coin as the minimum legal tender. On 15 October 2015, the Pakistani government introduced a revised 5 rupee coin with a reduced size and weight and having a golden color, being made from a composition of copper - nickel - zinc, and also in 2016 a Rs. 10 coin was introduced in circulation. Currently Circulating Coins Depiction ( Front ) Depiction ( Back ) Value Year in Use Composition Front Illustration Back Illustration Rs 1 1998 -- present Bronze ( 1998 - 2006 ) Aluminium ( 2007 -- present ) Quaid - e-Azam, Muhammad Ali Jinnah Hazrat Lal Shahbaz Qalandar Mausoleum, Sehwan Shareef Rs 2 1998 -- present Brass ( 1998 - 1999 ) Nickel Brass ( 1999 - 2006 ) Aluminium ( 2007 - ) Crescent and Star Badshahi Masjid, Lahore Rs 5 2002 -- present Cupronickel ( 2002 - 2011 ) Copper - Zinc - Nickel ( 2015 -- present ) Crescent and Star Number `` 5 '' Rs 10 2016 -- present Nickel Brass Crescent and Star Faisal Mosque, Islamabad For table standards, see the coin specification table. Banknotes On 1 April 1948, provisional notes were issued by the Reserve Bank of India and the Government of India on behalf of the Government of Pakistan, for use exclusively within Pakistan, without the possibility of redemption in India. Printed by the India Security Press in Nasik, these notes consist of Indian note plates engraved ( not overprinted ) with the words GOVERNMENT OF PAKISTAN in English and `` Hukumat - e-Pakistan '' in Urdu added at the top and bottom, respectively, of the watermark area on the front only ; the signatures on these notes remain those of Indian banking and finance officials. Regular government issues commenced in 1948 in denominations of 1, 5, 10 and 100 rupees. The government continued to issue 1 rupee notes until the 1980s but other note issuing was taken over by the State Bank of Pakistan in 1953, when 2, 5, 10 and 100 rupees notes were issued. Only a few 2 rupees notes were issued. 50 rupees notes were added in 1957, with 2 rupees notes reintroduced in 1985. In 1986, 500 rupees notes were introduced, followed by 1000 rupees the next year. 2 and 5 rupees notes were replaced by coins in 1998 and 2002. 20 rupee notes were added in 2005, followed by 5000 rupees in 2006. Until 1971, Pakistani banknotes were bilingual, featuring Bengali translation of the Urdu text ( where the currency was called taka instead of rupee ), since Bengali was the state language of East Pakistan ( now Bangladesh ). All banknotes other than the 1 and 2 rupees feature a portrait of Muhammad Ali Jinnah on the obverse along with writing in Urdu. The reverses of the banknotes vary in design and have English text. The only Urdu text found on the reverse is the Urdu translation of the Prophetic Hadith, `` Seeking honest livelihood is worship of God. '' which is حصول رزق حلال عبادت ہے ‬ ( Hasool - e-Rizq - e-Halal Ibaadat hai ). The banknotes vary in size and colour, with larger denominations being longer than smaller ones. All contain multiple colours. However, each denomination does have one colour which predominates. All banknotes feature a watermark for security purposes. On the larger denomination notes, the watermark is a picture of Jinnah, while on smaller notes, it is a crescent and star. Different types of security threads are also present in each banknote. Banknotes before the 2005 Series Image Value Dimensions Main Colour Description -- Reverse Status Obverse Reverse Rs 1 95 × 66 mm Brown Tomb of Muhammad Iqbal in Lahore No longer in Circulation Rs 2 109 × 66 mm Purple Badshahi Masjid in Lahore Rs 5 127 × 73 mm Burgundy Khojak Tunnel in Balochistan Rs 10 141 × 73 mm Green Mohenjo - daro in Larkana District No longer printed -- Still in Circulation Rs 50 154 × 73 mm Purple and Red Alamgiri Gate of the Lahore Fort in Lahore Rs 100 165 × 73 mm Red and Orange Islamia College in Peshawar Rs 500 175 × 73 mm Green, tan, red, and orange The State Bank of Pakistan in Islamabad No longer in Circulation Rs 1000 175 × 73 mm Blue Tomb of Jahangir in Lahore No longer printed -- Still in Circulation These images are to scale at 0.7 pixels per millimetre. For table standards, see the banknote specification table. The State Bank has started a new series of banknotes, phasing out the older designs for new, more secure ones. 2005 Series Image Value Dimensions Main Colour Description Period Obverse Reverse Obverse Reverse Rs 5 115 × 65 mm Greenish Grey Muhammad Ali Jinnah Gwadar port, which is a mega project in Balochistan ( Pakistan ) 8 July 2008 -- 31 December 2012 Rs 10 115 × 65 mm Green Bab ul Khyber which is the entrance to the Khyber Pass, Khyber Agency, FATA 27 May 2006 -- present Rs 20 123 × 65 mm Brown / Orange Green Mohenjo - daro in Larkana District 22 March 2008 -- present Rs 50 131 × 65 mm Purple K2, second highest mountain of the world in northern areas of Pakistan 8 July 2008 -- present Rs 100 139 × 65 mm Red Quaid - e-Azam Residency in Ziarat 11 November 2006 -- present Rs 500 147 × 65 mm Rich Deep Green Badshahi Masjid in Lahore Rs 1000 155 × 65 mm Dark blue Islamia College in Peshawar 26 February 2007 -- present Rs 5000 163 × 65 mm Mustard Faisal Masjid in Islamabad 27 May 2006 -- present These images are to scale at 0.7 pixels per millimetre. For table standards, see the banknote specification table. ( * Recently the State Bank revised the Rs 20 banknote, after complaints of its similarity to the Rs 5000, which caused a lot of confusion and financial losses, when people gave out Rs 5000 notes, thinking them to be Rs 20 notes ) Hajj banknotes Due to the large number of pilgrims to the Kingdom of Saudi Arabia during the 1950s, the State Bank of Pakistan provided simple exchange facilities for Hajj pilgrims. The issue of special notes for the express use of the pilgrims was introduced. Although other means of exchange were considered, the high level of illiteracy amongst the Pakistani pilgrims and the additional costs that would be incurred through the need to purchase such means prevented the government from these methods of exchange. The State Bank Order to allow the issue of these `` Hajj notes '' was made in May 1950. The use of Hajj notes continued until 1978. Until this date, stocks of notes were used without the necessity of printing new notes with the signatures of the later Governors. It is believed that, once the use of Hajj Notes was discontinued, most of the remaining stock of notes was destroyed. However, a large quantity of notes did find their way into the collector market following their sale to a bank note dealer by the State Bank of Pakistan. Hajj banknotes of Pakistan Image Value Main Colour Description -- Reverse Date of usage Obverse Reverse Rs 10 Dark purple Shalimar Gardens in Lahore 1960 -- 1969 Rs 10 Dark blue Mohenjo - daro in Larkana 1970 -- 1976 Rs 100 Dark orange Islamia College ( Peshawar ) 1970 -- 1976 For table standards, see the banknote specification table. Special banknote Special banknote on the occasion of the 50th anniversary of the independence of Pakistan Image Value Main Colour Description -- Reverse Date of usage Obverse Reverse Rs 5 Dark purple Baha - ud - din Zakariya Tomb Multan 1997 - onwards For table standards, see the banknote specification table. Exchange rate US Dollar - Pakistani rupee exchange rate The rupee was pegged to the British pound until 1982, when the government of General Zia - ul - Haq changed it to managed float. As a result, the rupee devalued by 38.5 % between 1982 -- 83 and 1987 -- 88 and the cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base. The Pakistani rupee depreciated against the United States dollar until the turn of the century, when Pakistan 's large current - account surplus pushed the value of the rupee up versus the dollar. The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, in order to preserve the country 's export competitiveness. 2008 was termed a disastrous year for the rupee after the elections ; between December 2007 and August 2008 it lost 23 % of its value, falling to a record low of 79.2 against the US dollar. The major reasons for this depreciation were huge current and trade accounts deficits that had built up since the credit boom in Pakistan post 2002. Due to rising militancy in the NWFP and FATA areas, FDI began to fall and the structural problems of the balance of payment were exposed ; a disastrous situation occurred where foreign reserves fell to as low as $ 2 billion. However, by February 2011 Forex reserves had recovered and set a new record of $17 billion. Of that $17 billion, more than $10 billion was borrowed money with interest applicable. In February 2016 the rupee was Rs 104.66 against US dollar. In December 2017, after holding talks with the IMF, Pakistan agreed to depreciate the rupee and the State Bank of Pakistan ( SBP ) would now let the currency exchange rate adjust to market conditions after many months, rather years, of resisting expectations. The Pakistani rupee touched a new low of 110.67 against the USD. Current PKR exchange rates From Google Finance : AUD CAD CHF EUR GBP HKD JPY USD INR From Yahoo ! Finance : AUD CAD CHF EUR GBP HKD JPY USD INR From XE : AUD CAD CHF EUR GBP HKD JPY USD INR From OANDA : AUD CAD CHF EUR GBP HKD JPY USD INR From fxtop.com : AUD CAD CHF EUR GBP HKD JPY USD INR See also Pakistan portal Numismatics portal Economy of Pakistan Pakistan Currency History of Rupee Rupee Notes Jump up ^ Hanifi, Shah. Connecting Histories in Afghanistan : Market Relations and State Formation on a Colonial Frontier. Stanford University Press. p. 171. ISBN 9780804777773. Jump up ^ Munoz, Arturo. U.S. Military Information Operations in Afghanistan : Effectiveness of Psychological Operations 2001 - 2010. Rand Corporation. p. 72. ISBN 9780833051561. Jump up ^ http://www.tradingeconomics.com/pakistan/core-inflation-rate Jump up ^ https://www.cia.gov/library/publications/the-world-factbook/geos/pk.html Jump up ^ etymonline.com ( 20 September 2008 ). `` Etymology of rupee ''. Retrieved 25 July 2013. Jump up ^ http://worldcoinnews.blogspot.com/search/label/pakistan Accessed 8 January 2008 Jump up ^ Paisa becomes extinct Jump up ^ ( 1 ) Jump up ^ Pakistan 10 rupees 2016 - New type World Coin News ( worldcoinnews.blogspot.com ). 14 October 2016. Retrieved on 2016 - 11 - 01. Jump up ^ Linzmayer, Owen ( 2012 ). `` Pakistan ''. The Banknote Book. San Francisco, CA : www.BanknoteNews.com. Jump up ^ Roshaan, Hamid. `` A collection of Pakistani Currency Notes ''. Retrieved 26 May 2014. Jump up ^ `` Banknotes and Coins Under Circulation '' ( PDF ). State Bank of Pakistan. Retrieved 17 September 2008. Jump up ^ `` Pakistan 's Banknotes ''. State Bank of Pakistan. 8 July 2008. Retrieved 17 September 2008. Jump up ^ `` Pakistan rupee falls to new low ''. BBC News. 15 August 2008. Retrieved 17 September 2008. Jump up ^ Global, IndraStra. `` Pakistan Depreciates its Currency, Adjusting to Economic Pressures ''. IndraStra. ISSN 2381 - 3652. External links SBP 's webpage on the newnotes Business Recorder : Pakistan 's first financial newspaper State Bank to issue Rs. 5000 / - and New Rs. 10 / - Banknotes from 27 May 2006 : Governor The Haj Notes of Pakistan Haseeb Naz 's collection on coins used in Pakistan Currencies named rupee or similar Circulating Indian rupee ( रुपया ) Indonesian rupiah Maldivian rufiyaa ( ދިވެހި ރުފިޔ ) Mauritian rupee ( roupie ) Nepalese rupee ( रूपैयाँ ) Pakistani rupee ( روپي ) Seychellois rupee ( roupi, roupie ) Sri Lankan rupee ( රුපියල් ) Obsolete Afghan rupee Burmese rupee Japanese occupation rupee Danish Indian rupee East African rupee French Indian rupee ( roupie ) German East African rupie Gulf rupee ( روپيه ‎ ) Hyderabadi rupee ( रुपया, రూపాయి ) Italian Somaliland rupia Javan rupee Mombasan rupee Netherlands Indian roepiah Portuguese Indian rupia Riau rupiah Travancore rupee West Irian rupiah Zanzibari rupee ( روپيه ‎ ) Conceptual Petrorupee Fictional Hylian rupee ( ルピー ) See also History of the rupee Nepalese mohar Currencies named taka or similar Circulating Bangladeshi taka Obsolete Tibetan tangka Nepalese tanka Barari tanka Gujarati tanka Pakistani rupee and taka See also History of the taka Currencies of Asia Central Kazakhstani tenge Kyrgyzstani som Tajikistani somoni Turkmenistan manat Uzbekistani soʻm East Chinese yuan Hong Kong dollar Japanese yen North Korean won South Korean won Macanese pataca Mongolian tögrög New Taiwan dollar unrecognized North Russian ruble South Afghan afghani Bangladeshi taka Bhutanese ngultrum Indian rupee Maldivian rufiyaa Nepalese rupee Pakistani rupee Sri Lankan rupee Pound sterling British Indian Ocean Territory U.S. dollar British Indian Ocean Territory Southeast Brunei dollar Burmese kyat Cambodian riel East Timorese centavo Indonesian rupiah Lao kip Malaysian ringgit Philippine peso ( piso ) Singapore dollar Thai baht U.S. dollar East Timor Vietnamese đồng West Abkhazian apsar unrecognized Armenian dram Artsakh dram unrecognized Azerbaijani manat Bahraini dinar Egyptian pound Gaza Strip Euro Cyprus Georgian lari Iranian rial Iraqi dinar Israeli new shekel Jordanian dinar Kuwaiti dinar Lebanese pound Omani rial Russian ruble ( Abkhazia ( unrecognized ) and South Ossetia ( unrecognized ) ) Qatari riyal Saudi riyal Syrian pound Turkish lira UAE dirham Yemeni rial Retrieved from `` https://en.wikipedia.org/w/index.php?title=Pakistani_rupee&oldid=818155245 '' Categories : ISO 4217 Rupee History of money Currencies of Asia Circulating currencies Economy of Pakistan Currencies of the Commonwealth of Nations Currencies of Pakistan Currency introduced in 1948 Hidden categories : Use Pakistani English from March 2017 All Wikipedia articles written in Pakistani English Use dmy dates from November 2015 Articles containing Urdu - language text All articles with vague or ambiguous time Vague or ambiguous time from December 2015 All articles with unsourced statements Articles with unsourced statements from October 2013 Articles containing Hindi - language text Articles containing Dhivehi - language text Articles containing French - language text Articles containing Nepali - language text Articles containing Seselwa Creole French - language text Articles containing Sinhalese - language text Articles containing Arabic - language text Articles containing Marathi - language text Articles containing Telugu - language text Articles containing Japanese - language text Talk Contents About Wikipedia Bân - lâm - gú Беларуская Беларуская ( тарашкевіца ) ‎ Български Bosanski Català Чӑвашла Čeština Dansk Deutsch ދިވެހިބަސް Español Esperanto Euskara فارسی Français 한국어 हिन्दी Hrvatski বিষ্ণুপ্রিয়া মণিপুরী Bahasa Indonesia Italiano Коми Lietuvių Magyar मराठी მარგალური Bahasa Melayu Nederlands 日本 語 Norsk Norsk nynorsk Occitan ਪੰਜਾਬੀ پنجابی Polski Русский Simple English Српски / srpski Suomi Svenska Tagalog தமிழ் Тоҷикӣ Türkçe Українська اردو Tiếng Việt Yorùbá 粵語 中文 Edit links This page was last edited on 1 January 2018, at 22 : 50. 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Question: when was 500 rupee note introduced in pakistan
Answer: 1986