The State Bank of Pakistan has introduced a new 10-rupee coin that will circulate alongside the current 10-rupee banknote first issued in 2006.
Though there are no reports of the banknote being withdrawn, it is thought the move to coin will help to minimise the costs of replacing the highly used 10-rupee banknote given the extended lifespan of coins compared with low value banknotes.
The coin’s metal composition hasn’t been confirmed but it is yellow in colour, has a diameter of 25.5mm and weighs 5.5 grams.
The design on the obverse of the coin contains a crescent moon, a five pointed star and springs of wheat. Urdu script is inscribed as are numerals for the year of issue. The reverse of the coin includes an image of Faisal Mosque with doves, and the numerals “10” alongside Urdu script.
In a similar cost saving exercise, the State Bank of Pakistan issued a new design 5-rupee coin in October last year to replace the existing coin. The new design coin has a different metal composition and is slightly smaller.