PAKISTANI RUPEE Meaning and
Definition
-
The Pakistani Rupee refers to the national currency of Pakistan, denoted by the currency code PKR. It is the official tender and legal form of payment within the country. The Pakistani Rupee is managed and regulated by the State Bank of Pakistan, which monitors its circulation, value, and stability.
The currency is further subdivided into smaller units called paisa, where 100 paisa constitute one Pakistani Rupee. However, due to its minimal value, paisa coins are not frequently used for daily transactions and paper currency is widely employed.
The Pakistani Rupee plays a vital role in the economic activities of Pakistan. It facilitates domestic and international trade, businesses, and financial transactions. Its value in relation to other currencies fluctuates in the foreign exchange market, influenced by various factors such as the country's economic performance, political stability, inflation rates, and global economic trends.
The Pakistani Rupee is represented by distinctive banknotes and coins, each of varying denominations. Banknotes range from 10 to 5,000 Rupees, featuring portraits of prominent figures, national landmarks, and cultural symbols. Coins are available in denominations of 1, 2, 5, and 10 Rupees, displaying various designs, patterns, and national emblems.
Overall, the Pakistani Rupee is a fundamental component of Pakistan's financial system, enabling economic transactions and serving as a representation of the country's economic power and stability in global markets.
Common Misspellings for PAKISTANI RUPEE
- oakistani rupee
- lakistani rupee
- -akistani rupee
- 0akistani rupee
- pzkistani rupee
- pskistani rupee
- pwkistani rupee
- pqkistani rupee
- pajistani rupee
- pamistani rupee
- palistani rupee
- paoistani rupee
- paiistani rupee
- pakustani rupee
- pakjstani rupee
- pakkstani rupee
- pakostani rupee
- pak9stani rupee
- pak8stani rupee
Etymology of PAKISTANI RUPEE
The word "Rupee" has its roots in the Sanskrit word "rupya", which means "silver coin". The term "Rupee" was initially used to refer to a silver coin used during ancient times in the Indian subcontinent. It was later adopted by various regions and countries in the area, including what is now Pakistan.
The term "Pakistani" pertains to Pakistan, a country located in South Asia. It gained independence from British colonial rule in 1947, and shortly afterward, the Pakistani Rupee was introduced as its national currency. The use of the term "Pakistani" in the currency's name signifies its association with the country.
