Pakistan Currency

A country's international standard is known by its monetary value. Moreover the transaction is carried through the currency. The Pakistan currency is known as the rupee or PKR. Information about Pakistan comprises of its currency, government, culture, people, attractions and so on. Formerly that is post partition, Pakistan used the Indian currency with the words Pakistan stamped on it. But now the national currency of Pakistan is PKR. The Pakistan money constitutes of notes and coins. A Pakistan rupee is equivalent to hundred paise, before it was divided into sixteen annas.

Pakistan continued to use Indian rupee bearing the Pakistan stamp on it for a long time since 1948. It was done until enough Pakistan money was circulated in the country. The Pakistan money bears notes and coins of different denominations. The notes are of 1000, 500, 100, 50, 10 5, 2 and 1 rupee denominations, while the coins bear denominations of 1 rupee, 50, 25, 10, 5,2,1 paise. The value of the Pakistan currency gradually dropped in the international money market. Compared to the US dollar the value of the Pakistan money was low. The large current account surplus increased the value of the rupee. The Pakistan Government in order to stabilize the economy bought dollars and the interest rates were also lowered. In this way the exports were also stabilized in the competitive world. According to the international market standards 1 dollar is equal to Rs. 56.90.

The Pakistan currency is known by PKR and represents the country in the international money market.