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.