Pakistani Rupee (PKR) Profile | Currency Converter

Currency name

Pakistani rupee PKR converter to world currencies »

Currency code

PKR

Currency symbol

₨

Subunit

1/100, paisa (not in circulation)

Coins freq used

₨1, ₨ 2, ₨5

Coins rarely used

Banknotes freq used

₨10, ₨50, ₨100, ₨ 500, ₨1000

Banknotes rarely used

Central bank

State Bank of Pakistan (www.sbp.org.pk)

Currency users

Pakistan

Currency notes

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Pakistani rupee users

The Pakistani rupee is the official currency of Pakistan (officially the Islamic Republic of Pakistan) which is a country in South Asia.

Pakistan declared independence from the United Kingdom on August 14, 1947, including two commonly known areas of the West Pakistan and East Pakistan, originally the eastern and northwestern regions of British India. The West Pakistan was formally independent as present-day Bangladesh in December 1971. Pakistan became Commonwealth of Nations once after independence in 1947 but withdrew in 1972 and rejoined in 1989.

Pakistani rupee history

The Pakistani rupee was introduced for circulating in 1947. Previously Pakistan used Indian rupee coins and notes simply over-stamped with “Pakistan”.

The Pakistani rupee was originally divided into 16 annas, each of 4 pice or 12 pie. It was decimalized on January 1, 1961 and then subdivided into 100 paise (singular: paisa, renamed from pice). The Pakistani rupee had been pegged to the British Pound until 1982 and then changed to be managed float. The exchange rate of Pakistani rupee and the U.S. dollar is 1 USD= 98.181 PKR as per date of February 28, 2013.

Pakistani rupee coins and banknotes

The Pakistani rupee is subdivided into 100 paise but paisa coins have not been issued since 1994 and the smallest circulating coins are 1 rupee.

Currently in circulation coins are in denominations of 1, 2, 5 rupees and banknotes are in denominations of 10, 20, 50, 100, 500, 1000, 5000 rupees.

Pakistani rupee and the currency of rupee

The first rupee was introduced in the sixteenth century. It is still being used by many countries including India, Pakistan, Sri Lanka, Nepal, Mauritius, Seychelles, Maldives, Indonesia (as the rupiah). It was formerly used in Burma, Afghanistan and many countries of Persian Gulf and the Arabian Peninsula.

Pakistani introduced its own Pakistani rupee once after independence in 1947. Previously the Indian rupee was used.

Countries currently use rupee as official currency (exchange rate as per: March 1, 2013)
Nations	Currency name	Currency code	1 USD=	1 EUR=	1 GBP=	Notes
Indonesia	Indonesian rupiah	IDR	9675.00	12592.3	14527.2	The Indonesian rupiah was introduced on 2 January 1949.
India	Indian rupee	INR	54.9081	71.4646	82.4457	The Indian rupee started to replace the various rupee currencies used by Indian autonomous states since 1845 and got all replaced by 1961.
Maldives	Maldivian rufiyaa	MVR	15.400	20.0433	23.1257	The Maldivian rufiyaa was introduced in 1947 with equal value to the rupee.
Mauritius	Mauritian rupee	MUR	30.930	40.2559	46.4468	The Mauritian rupee was introduced in 1876.
Nepal	Nepalese rupee	NPR	87.8971	114.404	131.990	The Nepalese rupee was introduced in 1932.
Pakistan	Pakistani rupee	PKR	98.2574	127.889	147.548	The Pakistan rupee was introduced after the partition from British India in 1947.
Seychelles	Seychelles rupee	SCR	12.3732	16.1046	18.5802	The Seychelles rupee was introduced in 1914.
Sri Lanka	Sri Lanka rupee	LKR	127.429	165.874	191.379	The Sri Lanka Rupee was used since January 1872.

Countries formerly used the rupee as official currency (exchange rate as per: March 1, 2013)
Nations	Currency name	Currency code	1 USD=	1 EUR=	1 GBP=	Notes
Afghanistan	Afghan afghani	AFN	51.9798	67.6616	78.0652	The Afghani replaced Rupee in 1925.
Myanmar (Burma)	Myanmar(Burma)kyat	MMK	861.497	1121.44	1293.72	Myanmar (Burma) Kyat replaced Rupee in 1952 at par.
United Arab Emirates	United Arab Emirates dirham	AED	3.673	4.78127	5.51579	Gulf rupee was used in the United Arab emirates between 1959 and 1966, equivalent to the Indian rupee.
Bahrain	Bahraini dinar	BHD	0.37703	0.49075	0.56618	1. Gulf rupee was used in Bahrain between 1959 and 1966, equivalent to the Indian rupee. 2. Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 1 BHD =10 Gulf rupees.
Kuwait	Kuwaiti dinar	KWD	0.28375	0.36934	0.4261	1. Gulf rupee was used in Kuwaiti between1959 and 1961. It was equivalent to the Indian rupee. 2. Kuwaiti dinar was introduced in 1961, replacing the Gulf rupee at 1 dinar = 13⅓ Gulf rupee.
Oman	Omani rial	OMR	0.38505	0.50119	0.57822	1. Gulf rupee was used in Oman from 1959 to 1970 and was replaced by Oman rial Saidi at a rate of approximately 1 rial Saidi =21 Gulf rupees. 2. Oman rial was introduced in 1973, replacing the rial Saidi at par.