Pakistan issues new 5-rupee coin

Coin, News

The State Bank of Pakistan (SBP), the country’s Central Bank, has issued a new 5-rupee coin. The new coin has a different metal composition than its predecessor, consisting of 79% copper, 20% zinc and 1% nickel. The coin is also different in size, now measuring 18.5mm. The existing 5-rupee coin will continue to be legal…

Pakistan 10 banknote

Pakistan’s circulating currency doubles within 5 years

Currency, News

According to a report by online news source the Pakistan Tribe, Pakistan’s currency in circulation increased from Rs 1,224 billion to Rs 2,500 billion between 2009 and 2014, an increase of 104%. The State Bank of Pakistan’s (SBP) Deputy Governor of Operations, Mr Kazi Abdul Maktadir, discussed Pakistan’s rising currency in circulation during the Conference…