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Pakistani Old Currency 1950 to Currently

Pakistani Old Currency 1950 to Currently

Pakistani Old Currency 1950 to Currently, Word Rupees 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.

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 decimalized 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, Pakistani Old Currency 1950 to Currently.



Pakistani Old Currency 1950 to Currently

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