86-722: The Pakistani rupee ( ISO code : PKR ) is the official currency in the Islamic Republic of Pakistan . The issuance of the currency is controlled by the State Bank of Pakistan . It was officially adopted by the Government of Pakistan in 1949. Earlier the coins and notes were issued and controlled by the Reserve Bank of India until 1949, when it was handed over to the Government and State Bank of Pakistan, by
172-526: A "hard space" ( non-breaking space ) and the amount: and for texts in Bulgarian , Croatian , Czech , Danish , Dutch , Estonian , Finnish , French , German , Greek , Hungarian , Italian , Lithuanian , Polish , Portuguese , Romanian , Slovak , Slovene , Spanish , and Swedish the order is reversed; the amount is followed by a non-breaking space and the ISO ;4217 code: As illustrated,
258-698: A Hindu festival held in the 19th century on Kartik Purnima in Amritsar attracted a large number of Sikhs. The Sikh community leader Giani Sant Singh did not like this, thus starting a festival at the Sikh shrine of the Golden Temple on the same day, presenting it as the birth anniversary celebration of Guru Nanak. Macauliffe also notes that Vaisakh (March–April) already saw a number of important festivals—such as Holi , Rama Navami , and Vaisakhi —therefore people would be busy in agricultural activities after
344-505: A Rs. 10/- coin was introduced into circulation. In 2019 the Pakistan government introduced a commemorative Rs. 50/- coin to celebrate the 550th birthday of Guru Nanak and in tribute of opening of new Gurdwara of Kartarpur , Pakistan. On 1 April 1948, provisional notes were issued by the Reserve Bank of India and the Government of India on behalf of the Government of Pakistan , for use exclusively within Pakistan, without
430-529: A coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is derived from the noun rūpa "shape, likeness, image". Rūpaya was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE . The Pakistan (Monetary System and Reserve Bank) Order, 1947 was issued on 14 August 1947, by the Governor General of pre-partition British India , following
516-461: A commemorative Rs. 75 banknote to celebrate the central bank's 75th anniversary. The Rs75 commemorative note is equipped with security features as with the other currency notes. These include the Urdu numeral '75' which appears complete when the note is held in the light, Pure Image security thread with pulsing holographic rainbow effect and micro-lettering of 'SBP' and '75', among others. Moreover,
602-526: A competition. Another source of dispute has been the Baghdad stone, bearing an inscription in a Turkish script. Some interpret the inscription as saying Baba Nanak Fakir was there in 1511–1512; others read it as saying 1521–1522 (and that he lived in the Middle East for 11 years away from his family). Others, particularly Western scholars, argue that the stone inscription is from the 19th century and
688-451: A few Rs. 2/- notes were issued. Rs. 50/- notes were added in 1957, with Rs. 2/- notes reintroduced in 1985. In 1986, Rs. 500/- notes were introduced, followed by Rs. 1,000/- the next year. Rs. 2/- and Rs. 5/- notes were replaced by coins in 1998 and 2002. Rs. 20/- notes were added in 2005, followed by Rs. 5,000/- in 2006. Until 1971, Pakistan banknotes were bilingual, featuring Bengali translation of
774-624: A formative time for him, as the puratan janamsakhi suggests, and in his numerous allusions to governmental structure in his hymns, most likely gained at this time. Around the age of 55, Nanak settled in Kartarpur , living there until his death in September 1539. During this period, he went on short journeys to the Nath yogi centre of Achal, and the Sufi centres of Pakpattan and Multan . By
860-402: A higher-security printing technique. Regular government issues commenced in 1948 in denominations of Re. 1/-, Rs. 5/-, Rs. 10/- and Rs. 100/-. The government continued to issue Re. 1 notes until the 1980s but another note-issuing was taken over by the State Bank of Pakistan in 1953 when Rs. 2/-, Rs. 5/-, Rs. 10/- and Rs. 100/- notes were issued. Only
946-618: A list of all currently pegged currencies. Despite having no presence or status in the standard, three letter acronyms that resemble ISO 4217 coding are sometimes used locally or commercially to represent de facto currencies or currency instruments. The following non-ISO codes were used in the past. Minor units of currency (also known as currency subdivisions or currency subunits) are often used for pricing and trading stocks and other assets, such as energy, but are not assigned codes by ISO 4217. Two conventions for representing minor units are in widespread use: A third convention
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#17327654281171032-508: A result, the list of codes must be updated from time to time. The ISO 4217 maintenance agency is responsible for maintaining the list of codes. In the case of national currencies, the first two letters of the alpha code are the two letters of the ISO ;3166-1 alpha-2 country code and the third is usually the initial of the currency's main unit. So Japan 's currency code is JPY : "JP" for Japan and "Y" for yen . This eliminates
1118-463: A subject of dispute, with modern scholarship questioning the details and authenticity of many claims. For example, Callewaert and Snell (1994) state that early Sikh texts do not contain such stories. From when the travel stories first appear in hagiographic accounts of Guru Nanak, centuries after his death, they continue to become more sophisticated as time goes on, with the late phase Puratan version describing four missionary journeys, which differ from
1204-551: A superstition prevailing in contemporary northern India , a child born in the Kattak month was believed to be weak and unlucky, hence why the work states that Nanak was born in that month. Bhai Gurdas , having written on a full-moon-day of the Kattak month several decades after Nanak's death, mentions that Nanak had "obtained omniscience" on the same day, and it was now the author's turn to "get divine light." According to eyewitness Sikh chronicles, known as Bhatt Vahis , Guru Nanak
1290-503: A young age. For instance, at the age of five, Nanak is said to have voiced interest in divine subjects. At age seven, his father enrolled him at the village school, as per custom. Notable lore recounts that, as a child, Nanak astonished his teacher by describing the implicit symbolism of the first letter of the alphabet , resembling the mathematical version of one, as denoting the unity or oneness of God. Other stories of his childhood refer to strange and miraculous events about Nanak, such as
1376-822: Is a crescent and star. Different types of security threads are also present in each banknote. The State Bank has started a new series of banknotes, phasing out the older designs for new, more secure ones. Pakistan put foreign exchange controls in place in 1949, restricting the export and import of currency except for when needed for Hajj in Saudi Arabia . This created an opportunity for smuggling, leading Pakistan to issue special Hajj notes for use by pilgrims. These were differentiated by an overprint in English "For pilgrims from Pakistan for use in Saudi Arabia and Iraq". Although other means of exchange were considered,
1462-446: Is an act of worship." which is حصول رزق حلال عبادت ہے (Hasool-e-Rizq-e-Halal Ibaadat hai). The banknotes vary in size and colour, with larger denominations being longer than smaller ones. All contain multiple colours. However, each denomination does have one colour which predominates. All banknotes feature a watermark for security purposes. On the larger denomination notes, the watermark is a picture of Jinnah, while on smaller notes, it
1548-493: Is facilitated by the ISO 3166 rule that no official country code beginning with X will ever be assigned. The inclusion of EU (denoting the European Union ) in the ISO 3166-1 reserved codes list allows the euro to be coded as EUR rather than assigned a code beginning with X, even though it is a supranational currency. ISO 4217 also assigns a three-digit numeric code to each currency. This numeric code
1634-423: Is largely attributed to political instability, devastating flooding, and a debt crisis. The Pakistani rupee gained value from the end of September until mid-October 2023, when Pakistan's Federal Investigation Agency embarked on a country-wide raid on exchange companies involved in illegal dollar transactions, which involved the buying and selling of dollars through informal channels without documentation. Since then,
1720-575: Is published in three tables: The first edition of ISO 4217 was published in 1978. The tables, history and ongoing discussion are maintained by SIX Group on behalf of ISO and the Swiss Association for Standardization . The ISO 4217 code list is used in banking and business globally. In many countries, the ISO 4217 alpha codes for the more common currencies are so well known publicly that exchange rates published in newspapers or posted in banks use only these to delineate
1806-576: Is similar to the second one but uses an upper-case letter, e.g. ZAC for the South African Cent. Cryptocurrencies have not been assigned an ISO 4217 code. However, some cryptocurrencies and cryptocurrency exchanges use a three-letter acronym that resemble an ISO 4217 code. Guru Nanak Gurū Nānak (15 April 1469 – 22 September 1539; Gurmukhi : ਗੁਰੂ ਨਾਨਕ; pronunciation: [gʊɾuː naːnəkᵊ] , pronunciation ), also known as Bābā Nānak ('Father Nānak'),
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#17327654281171892-657: Is supported by the Guru Granth Sahib. Bhai Gurdas says: ਗੁਰ ਪਰਮੇਸਰੁ ਇਕੁ ਹੈ ਸਚਾ ਸਾਹੁ ਜਗਤੁ ਵਣਜਾਰਾ। The Guru and God are one; He is the true master and the whole world craves for Him. Additionally, in the Guru Granth Sahib, it is stated: ਨਾਨਕ ਸੇਵਾ ਕਰਹੁ ਹਰਿ ਗੁਰ ਸਫਲ ਦਰਸਨ ਕੀ ਫਿਰਿ ਲੇਖਾ ਮੰਗੈ ਨ ਕੋਈ ॥੨॥ O Nanak, serve the Guru, the Lord Incarnate; the Blessed Vision of His Darshan is profitable, and in
1978-423: Is the janamsakhi attributed to Bhai Mani Singh , a disciple of Guru Gobind Singh who was approached by some Sikhs with a request that he should prepare an authentic account of Nanak's life. As such, it is said that Bhai Mani Singh wrote his story with the express intention of correcting heretical accounts of Nanak. One popular janamsakhi was allegedly written by Bhai Bala , a close companion of Nanak. However,
2064-691: Is usually the same as the numeric code assigned to the corresponding country by ISO 3166-1 . For example, USD ( United States dollar ) has numeric code 840 which is also the ISO 3166-1 code for "US" (United States). The following is a list of active codes of official ISO 4217 currency names as of 1 January 2024 . In the standard the values are called "alphabetic code", "numeric code", "minor unit", and "entity". According to UN/CEFACT recommendation 9, paragraphs 8–9 ECE/TRADE/203, 1996: A number of currencies had official ISO 4217 currency codes and currency names until their replacement by another currency. The table below shows
2150-528: The Government and Reserve Bank of India. In Pakistani English , large values of rupees are counted in thousands; lakh (hundred thousands); crore (ten-millions); arab (billion); kharab (hundred billion). Numbers are still grouped in thousands ( 123,456,789 rather than 12,34,56,789 as written in India) The word rūpiya is derived from the Sanskrit word rūpya , which means "wrought silver,
2236-630: The Indian rupee , it was originally divided into 16 annas , each of 4 pice or 12 pie . For the first seven months following partition, currency issued by the RBI and the Government of India continued to circulate in Pakistan. Modified RBI notes in denominations of 2, 5, 10, and 100 rupees, and 1-rupee notes from the Government of India were later introduced. The modifications involved inscribing Government of Pakistan in English and "Hakumat-e-Pakistan" in Urdu on
2322-592: The Khyber Pakhtunkhwa province and its tribal areas , foreign direct investment began to fall, and the structural problems of the balance of payment were exposed; foreign exchange reserves fell disastrously to as low as US$ 2 billion. The rupee continued to slowly decline until the start of 2018 when it began to rapidly devalue. The crash worsened midway through 2021, with the Pakistani rupee losing almost half its value between May 2021 and May 2023. This
2408-527: The Miharban version. Some of the stories about Guru Nanak's extensive travels first appear in the 19th-century Puratan janamsakhi, though even this version does not mention Nanak's travel to Baghdad. Such embellishments and insertion of new stories, according to Callewaert and Snell (1993), closely parallel claims of miracles by Islamic pirs found in Sufi tadhkirahs of the same era, giving reason to believe that these legends may have been written in
2494-423: The State Bank of Pakistan . On 14 August 2022, State Bank of Pakistan released the design of the commemorative 75 Rupees note marking the 75th anniversary of Independence day of Pakistan . The note was signed by the former governor of State Bank of Pakistan Raza Baqir and was made available to the public from September 30 2022. On July 4th 2023, State Bank of Pakistan (SBP) Governor Jameel Ahmad introduced
2580-512: The Vilayat Vali janamsakhi . Gurbilas Patashahi 6, written 1718, also attributed to Bhai Mani Singh contradicts Mani Singh’s Janamsakhi as it instead says Guru Nanak was born on the full moon of Katak. The Sikh records state that Nanak died on the 10th day of the Asauj month of Samvat 1596 (22 September 1539 CE), at the age of 70 years, 5 months, and 7 days. This further suggests that he
2666-601: The harvest festival of Baisakhi. Therefore, holding Nanak's birth anniversary celebrations immediately after Vaisakhi would have resulted in thin attendance, and therefore, smaller donations for the Sikh shrines. On the other hand, by the Kattak full moon day, the major Hindu festival of Diwali was already over, and the peasants—who had surplus cash from crop sales—were able to donate generously. Nanak's parents, father Kalyan Chand Das Bedi (commonly shortened to Mehta Kalu ) and mother Mata Tripta , were both Hindu Khatris and employed as merchants. His father, in particular,
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2752-490: The 15th century. The second theory states that Nanak was a Guru , not a prophet. According to Singha (2009): Sikhism does not subscribe to the theory of incarnation or the concept of prophet hood. But it has a pivotal concept of Guru. He is not an incarnation of God, not even a prophet. He is an illumined soul. The third theory is that Guru Nanak is the incarnation of God. This has been supported by many Sikhs including Bhai Gurdas , Bhai Vir Singh , Santhok Singh and
2838-683: The 19th and 20th century, and exist in many versions. In 1508, Nanak visited the Sylhet region in Bengal . The janamsakhis suggest that Nanak visited the Ram Janmabhoomi temple in Ayodhya in 1510–11 CE. The Baghdad inscription remains the basis of writing by Indian scholars that Guru Nanak journeyed in the Middle East, with some claiming he visited Jerusalem , Mecca , Vatican , Azerbaijan and Sudan . The hagiographic details are
2924-550: The Badshahi Masjid but many do not. The Re. 1/- and Rs. 2/- coins were changed to aluminium in 2007. Paisa-denominated coins ceased to be legal tender in 2013, leaving the Re. 1/- coin as the minimum legal tender. On 15 October 2015, the Pakistan government introduced a revised Rs. 5/- coin with a reduced size and weight and having a golden colour, made from a composition of copper-nickel-zinc, and also in 2016
3010-579: The British versions. This new design was circulated on 31 January 1953. On 14 December 1963, the State Bank of Pakistan started operating its printing press, eventually taking over all national banknote production. Later, the 1-rupee note was modified to include a purple back with pink and blue under-print, similar to the De La Rue design. Variations of the 1-rupee note are identified by differences in
3096-491: The ISO currency codes of former currencies and their common names (which do not always match the ISO 4217 names). That table has been introduced end 1988 by ISO. The 2008 (7th) edition of ISO 4217 says the following about minor units of currency: Requirements sometimes arise for values to be expressed in terms of minor units of currency. When this occurs, it is necessary to know the decimal relationship that exists between
3182-409: The Kattak birth tradition. It is the only Janamsakhi that does. Bhai Bala is said to have obtained Nanak's horoscope from Nanak's uncle Lalu, according to which, Nanak was born on a date corresponding to 20 October 1469 CE. However, this janamsakhi was written by Handalis—a sect of Sikhs who followed a Sikh-convert known as Handal—attempting to depict the founder as superior to Nanak. According to
3268-675: The Kattak month in November. The earliest record of such a celebration in Nankana Sahib is from 1868 CE. There may be several reasons for the adoption of the Kattak birthdate by the Sikh community. For one, it may have been the date of Nanak's enlightenment or "spiritual birth" in 1496, as suggested by the Dabestan-e Mazaheb . Some of the sources that support the Katak birthday incident: The Bala Janamasakhi supports
3354-590: The Pakistani Government (with a 60% stake), started with a capital of 7.5 million rupees. The foundation for the facility was laid in Karachi by the Governor General of Pakistan on 11 March 1949. In selecting a printing method, the PSPC chose the intaglio process over the lithographic method due to concerns about counterfeiting and regional security issues with India. This decision reflected a preference for
3440-538: The Pakistani rupee became the best-performing currency of September 2023 against the US dollar. ISO 4217 ISO 4217 is a standard published by the International Organization for Standardization (ISO) that defines alpha codes and numeric codes for the representation of currencies and provides information about the relationships between individual currencies and their minor units. This data
3526-518: The Pakistani rupee has been fiat money . Before the collapse of Bretton Woods system , the currency was pegged at a fixed exchange rate to the United States dollar for international trade, with the dollar convertible to gold for foreign governments only. The rupee was pegged to British Pound until 1982 when the government of General Zia-ul-Haq changed to a managed float . As a result, the rupee devalued by 38.5% between 1982–83 and 1987–88 and
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3612-598: The Rs. 75 commemorative note is fully valid for transactions. He explained that the SBP issues all currency under Section 25 of its Act, and the Rs. 75 note has no expiration date. Qamar also dismissed rumors that the government had withdrawn or discontinued the banknote. The commemorative note issued in 2022 for Pakistan’s 75th independence anniversary featured Quaid-e-Azam, Fatima Jinnah, Allama Iqbal, and Sir Syed Ahmad Khan. This selection stirred some debate, as certain individuals felt
3698-620: The Senate committee, including Mohsin Aziz, who argued that the high-denomination note facilitates corruption. All banknotes other than the Re. 1/- and Rs. 2/- feature a portrait of Muhammad Ali Jinnah on the obverse along with writing in Urdu . The reverses of the banknotes vary in design and have English text. The only Urdu text found on the reverse is the Urdu translation of the Prophetic Hadith, "Seeking an honest livelihood
3784-560: The United Kingdom's Thomas De La Rue and Company, along with Bradbury Wilkinson and Company, manufactured various denominations for Pakistan. After independence, the Pakistani government established a national security printing facility in 1949, named the Pakistan Security Printing Corporation (PSPC). This venture, a partnership between Thomas De La Rue & Co. Ltd. (holding a 40% stake) and
3870-669: The United States dollar and the Bahraini dinar , for which the column headed "Minor unit" shows "2" and "3", respectively. As of 2021 , two currencies have non-decimal ratios, the Mauritanian ouguiya and the Malagasy ariary ; in both cases the ratio is 5:1. For these, the "Minor unit" column shows the number "2". Some currencies, such as the Burundian franc , do not in practice have any minor currency unit at all. These show
3956-412: The Urdu text (where the currency was renamed taka ), since Bengali was the state language of East Pakistan (now Bangladesh ). The PSPC began issuing its own 1- and 5-rupee notes in the fiscal year 1952-53. These notes resembled those previously produced by Thomas de la Rue & Company, but the 1-rupee note featured a notable change: a blue back without under-print, different from the purple back of
4042-450: The advice of an expert committee. It designated the Reserve Bank of India (RBI) as the temporary monetary authority for both India and Pakistan until 30 September 1948. During this transitional period, currency notes issued by the RBI and the Government of India were to remain legal tender in Pakistan. The order also allowed these notes to bear inscriptions of Government of Pakistan in Urdu and English, to be circulated from 1 April 1948. Like
4128-534: The age of 70. According to Sikh hagiography , his body was never found. When the quarreling Hindus and Muslims tugged at the sheet covering his body, they found instead a heap of flowers—and so Nanak’s simple faith would, in course of time, flower into a religion, beset by its own contradictions and customary practices. During first quarter of the 16th century, Nanak went on long udasiya ('journeys') for spiritual pursuits. A verse authored by him states that he visited several places in " nau-khand " ('the nine regions of
4214-517: The cost of importing raw materials increased rapidly, causing pressure on Pakistani finances and damaging much of the industrial base. The Pakistani rupee depreciated against the United States dollar until the turn of the century when Pakistan's large current account surplus pushed the value of the rupee up against the dollar. The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, to preserve
4300-413: The country's export competitiveness. 2008 was termed a disastrous year for the rupee after the elections: between December 2007 and August 2008, it lost 23% of its value, falling to a record low of Rs.79/ 20 against the US dollar. The major reasons for this depreciation were huge current and trade accounts deficits that had built up since the credit boom in Pakistan after 2002. Due to rising militancy in
4386-497: The currencies, instead of translated currency names or ambiguous currency symbols . ISO 4217 alpha codes are used on airline tickets and international train tickets to remove any ambiguity about the price. In 1973, the ISO Technical Committee 68 decided to develop codes for the representation of currencies and funds for use in any application of trade, commerce or banking. At the 17th session (February 1978),
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#17327654281174472-482: The currency concerned and its minor unit. This information has therefore been included in this International Standard and is shown in the column headed "Minor unit" in Tables A.1 and A.2; "0" means that there is no minor unit for that currency, whereas "1", "2" and "3" signify a ratio of 10:1, 100:1 and 1000 :1 respectively. The names of the minor units are not given. Examples for the ratios of 100 :1 and 1000 :1 include
4558-749: The currency was decimalised, with the rupee subdivided into 100 pice, renamed (in English) paise (singular paisa ) later the same year. However, coins denominated in paise have not been issued since 1994. In 1972, the newly independent Bangladesh introduced the taka originally at parity with the Pakistani rupee. Afterwards, the Pakistani rupee ceased to be legal tender in Bangladesh. In 1948, coins were introduced in denominations of 1 pice, 1 ⁄ 2 , 1 and 2 annas, 1 ⁄ 4 , 1 ⁄ 2 and 1 rupee. 1 pie coins were added in 1951. In 1961, coins for 1, 5 and 10 pice were issued, followed later
4644-479: The earth'), presumably the major Hindu and Muslim pilgrimage centres. Some modern accounts state that he visited Tibet , most of South Asia , and Arabia , starting in 1496 at age 27, when he left his family for a thirty-year period. These claims include Nanak's visit to Mount Sumeru of Indian mythology , as well as Mecca , Baghdad , Achal Batala , and Multan , where he would debate religious ideas with opposing groups. These stories became widely popular in
4730-775: The form of 974 poetic hymns , or shabda , in the holy religious scripture of Sikhism, the Guru Granth Sahib , with some of the major prayers being the Japji Sahib ( jap , 'to recite'; ji and sahib are suffixes signifying respect); the Asa di Var ('Ballad of Hope'); and the Sidh Gosht ('Discussion with the Siddhas '). It is part of Sikh religious belief that the spirit of Nanak's sanctity , divinity, and religious authority had descended upon each of
4816-438: The front of the notes. An early 1948 agreement between the governments of India and Pakistan resulted in an amendment to the Pakistan (Monetary System and Reserve Bank) Order, 1947, moving up the deadline for the RBI's role as Pakistan's monetary authority from 30 September 1948, to 30 June 1948. Concurrently, the arrangement for the RBI to supply inscribed Indian notes to Pakistan was terminated on 30 June 1948. In January 1961,
4902-401: The full moon of Katak. Nanak Chandrodaya Sanskrit Janamsakhi from 1797 and Janam Sakhi Baba Nanak by Sant Das Chibber from the 18th century both mention Guru Nanak being born on the full moon of katak. Gurpur Parkash Granth written by Sant Ren Singh based on a granth written by Binod Singh states Guru Nanak was born on the full moon of Katak. According to Max Arthur Macauliffe (1909),
4988-664: The high level of illiteracy amongst the Pakistani pilgrims and the additional costs that would be incurred through the need to purchase such means prevented the government from these methods of exchange. The State Bank Order to allow the issue of these Hajj notes was made in May 1950. A new series of notes was released in 1972, under the name of the State Bank of Pakistan rather than the Government of Pakistan. These had an Urdu overprint as well as an English one, saying "For Haj [sic] pilgrims from Pakistan for use in Saudi Arabia only". New notes were printed in 1975 and 1978, reflecting changes in
5074-520: The janamsakhis. Nanak's teachings can be found in the Sikh scripture Guru Granth Sahib , as a collection of verses recorded in Gurmukhi . There are three competing theories on Nanak's teachings. The first, according to Cole and Sambhi (1995, 1997), based on the hagiographical Janamsakhis , states that Nanak's teachings and Sikhism were revelations from God, and not a social protest movement, nor an attempt to reconcile Hinduism and Islam in
5160-433: The miracle stories in Sufi literature about their pirs . Other direct and indirect borrowings in the Sikh janamsakhis relating to legends around his journeys are from Hindu epics and puranas , and Buddhist Jataka stories . The earliest biographical sources on Nanak's life recognised today are the janamsakhis ('birth stories'), which recount the circumstances of his birth in extended detail. Gyan-ratanavali
5246-723: The nine subsequent Gurus when the Guruship was devolved on to them. His birthday is celebrated as Guru Nanak Gurpurab , annually across India. Nanak was born on 15 April 1469 at Rāi Bhoi Dī Talvaṇḍī village (present-day Nankana Sahib , Punjab , Pakistan) in the Lahore province of the Delhi Sultanate , although according to one tradition, he was born in the Indian month of Kārtik or November, known as Kattak in Punjabi . He
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#17327654281175332-532: The number "0", as with currencies whose minor units are unused due to negligible value. The ISO standard does not regulate either the spacing, prefixing or suffixing in usage of currency codes. The style guide of the European Union 's Publication Office declares that, for texts issued by or through the Commission in English , Irish , Latvian , and Maltese , the ISO 4217 code is to be followed by
5418-423: The official currency names. In some cases, the third letter of the alpha code is not the initial letter of a currency unit name. There may be a number of reasons for this: In addition to codes for most active national currencies ISO 4217 provides codes for "supranational" currencies, procedural purposes, and several things which are "similar to" currencies: The use of an initial letter "X" for these purposes
5504-402: The omission of figures like Pakistan’s first Prime Minister, Liaquat Ali Khan , was significant. He explained that the commemorative Rs. 75 banknote, a legal tender, will not impact the overall money supply. Of the 4.3 billion notes being circulated this year, only 65 million will be the Rs. 75 denomination, making it a limited, one-time release. Between 1948 and July 1955, the Pakistani rupee
5590-425: The one witnessed by Rai Bular , in which the sleeping child's head was shaded from the harsh sunlight by, in one account, by the stationary shadow of a tree or, in another, by a venomous cobra. Nanaki , Nanak's only sister, was five years older than him. In 1475, she married and moved to Sultanpur . Jai Ram, Nanaki's husband, was employed at a modikhana (a storehouse for revenues collected in non-cash form), in
5676-512: The order is determined not by the currency but by the native language of the document context. The US dollar has two codes assigned: USD and USN ("US dollar next day"). The USS (same day) code is not in use any longer, and was removed from the list of active ISO 4217 codes in March 2014. A number of active currencies do not have an ISO 4217 code, because they may be: These currencies include: See Category:Fixed exchange rate for
5762-403: The portraits and numbers on the note have raised printing, allowing identification of the banknote by the visually impaired. During Eid al-Fitr , shopkeepers across Pakistan refused to accept Rs. 75 notes, sparking rumors about the note’s possible demonetization. In response, SBP spokesperson Abid Qamar posted a video on the central bank’s official Twitter account, reassuring the public that
5848-594: The possibility of redemption in India. Printed by the India Security Press in Nasik, these notes consist of Indian note plates engraved (not overprinted) with the words GOVERNMENT OF PAKISTAN in English and "Hukumat-e-PAKISTAN" in Urdu added at the top and bottom, respectively, of the watermark area on the front only; the signatures on these notes remain those of Indian banking and finance officials. Additionally,
5934-589: The problem caused by the names dollar , franc , peso , and pound being used in dozens of countries, each having significantly differing values. While in most cases the ISO code resembles an abbreviation of the currency's full English name, this is not always the case, as currencies such as the Algerian dinar , Aruban florin , Cayman dollar , renminbi , sterling , and the Swiss franc have been assigned codes which do not closely resemble abbreviations of
6020-433: The redesign, the State Bank plans to introduce a new polymer plastic banknote in one denomination later this year. "If it is received well by the public, plastic currency will be introduced in other denominations," Ahmed stated (The denominations to be redesigned include Rs 10, 50, 100, 500, 1000, and 5000).Governor Ahmed also confirmed that there are no plans to cancel the Rs 5,000 note, despite suggestions from some members of
6106-523: The related UN / ECE Group of Experts agreed that the three-letter alphabetic codes for International Standard ISO 4217, "Codes for the representation of currencies and funds", would be suitable for use in international trade. Over time, new currencies are created and old currencies are discontinued. Such changes usually originate from the formation of new countries, treaties between countries on shared currencies or monetary unions, or redenomination from an existing currency due to excessive inflation. As
6192-451: The same year by 1 paisa, 5 and 10 paise coins. In 1963, 10 and 25 paise coins were introduced, followed by 2 paise the next year. Re. 1/- coins were reintroduced in 1979, followed by Rs. 2/- in 1998 and Rs. 5/- in 2002. 2 paise coins were last minted in 1976, with 1 paisa coins ceasing production in 1979. The 5, 10, 25 and 50 paise all ceased production in 1996. There are two variations of Rs. 2/- coins: most have clouds above
6278-447: The serial number font and signature styles. Although the PSPC had been printing lower denomination notes since July 1953, the third series of the 100-rupee note, released in September 1953, was initially produced by Thomas De La Rue in the UK. Subsequently, these notes were printed by the PSPC, with the change in production source identifiable by variations in the serial number font. In 2024
6364-562: The service of the Delhi Sultanate 's Lahore governor Daulat Khan , at which Ram would help Nanak get a job. Nanak moved to Sultanpur, and started working at the modikhana around the age of 16. As a young man, Nanak married Sulakhani , daughter of Mūl Chand (aka Mula) and Chando Raṇi. They were married on 24 September 1487, in the town of Batala , and would go on to have two sons, Sri Chand and Lakhmi Chand (or Lakhmi Das). Nanak lived in Sultanpur until c. 1500, which would be
6450-408: The standard notes. The use of Hajj notes continued until 1978. Until this date, stocks of notes were used without the necessity of printing new notes with the signatures of the later Governors. It is believed that, once the use of Hajj Notes was discontinued, most of the remaining stock of notes was destroyed. However, many notes entered the collector market following their sale to a banknote dealer by
6536-512: The stone is not a reliable evidence that Nanak visited Baghdad in early 16th century. Moreover, beyond the stone, no evidence or mention of his journey in the Middle East has been found in any other Middle Eastern textual or epigraphical records. Claims have been asserted of additional inscriptions, but no one has been able to locate and verify them. Novel claims about his travels, as well as claims such as his body vanishing after his death, are also found in later versions and these are similar to
6622-566: The time of his death, Nanak had acquired several followers in the Punjab region , although it is hard to estimate their number based on the extant historical evidence. The followers of Nanak were called Kartārīs (meaning 'the people who belonged to the village of Kartarpur') by others. Nanak appointed Bhai Lehna as the successor Guru , renaming him as Guru Angad , meaning "one's very own" or "part of you". Shortly after proclaiming his successor, Nanak died on 22 September 1539 in Kartarpur , at
6708-496: The writing style and language employed have left scholars, such as Max Arthur Macauliffe , certain that they were composed after his death. According to such scholars, there are good reasons to doubt the claim that the author was a close companion of Guru Nanak and accompanied him on many of his travels. Bhai Gurdas , a scribe of the Guru Granth Sahib , also wrote about Nanak's life in his vars ('odes'), which were compiled some time after Nanak's life, though are less detailed than
6794-526: Was an Indian spritual teacher, mystic and poet, who is regarded as the founder of Sikhism and is the first of the ten Sikh Gurus . Nanak is said to have travelled far and wide across Asia teaching people the message of Ik Onkar ( ੴ , 'One God'), who dwells in every one of his creations and constitutes the eternal Truth. With this concept, he would set up a unique spiritual , social, and political platform based on equality, fraternal love, goodness, and virtue. Nanak's words are registered in
6880-520: Was born in the month of Vaisakh (April), not Kattak (November). In as late as 1815, during the reign of Ranjit Singh , the festival commemorating Nanak's birthday was held in April at the place of his birth, known by then as Nankana Sahib . However, the anniversary of Nanak's birth—the Gurpurab ( gur + purab , 'celebration')—subsequently came to be celebrated on the full moon day of
6966-709: Was born into the Khatri Punjabi clan like all of the Sikh gurus . Specifically, Guru Nanak was a Bedi Khatri . Most janamsakhis ( ਜਨਮਸਾਖੀ , 'birth stories'), or traditional biographies of Nanak, mention that he was born on the third day of the bright lunar fortnight , in the Baisakh month (April) of Samvat 1526. These include the Puratan ('traditional' or 'ancient') janamsakhi , Miharban janamsakhi , Gyan-ratanavali by Bhai Mani Singh , and
7052-543: Was born on the full moon of Katak. Gurbilas Patashahi 6 written 1718 attributed to Bhai Mani Singh says Guru Nanak was born on the full moon of Katak. Meham Parkash written in 1776 also says Guru Nanak was born on the full moon of Katak. Kesar Singh Chibber’s Bansavalinama Dasan Patashahia Ka meaning genealogy of the ten emperors, written in 1769, says Guru Nanak was born on the full moon of Katak as well. Gurpurnali written in 1727 and Guru Tegh Bahadur Malwe da Safar written in 1716 both mention Guru Nanank being born on
7138-427: Was devalued in 1949 , in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee until the Pakistani rupee was devalued in 1955, returning to parity with the Indian rupee. This parity lasted until India devalued their currency in 1966. Since the United States dollar suspension in 1971 of convertibility of paper currency into any precious metal,
7224-409: Was effectively pegged to the U.S. dollar at approximately Rs.3/ 31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/ 76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. Initially, the Indian and Pakistani rupees were at parity until sterling
7310-466: Was released that Pakistan plans to roll out new banknotes of all denominations, the new currency notes would be of different colors, distinct serial numbers, design and include "high security features." the transition to new banknotes would not be abrupt. Pakistan's central bank will introduce a new polymer plastic currency banknote later this year while also redesigning all existing banknotes to enhance security and incorporate hologram features.In addition to
7396-432: Was the local patwari (accountant) for crop revenue in the village of Talwandi . Nanak's paternal grandfather was named Shiv Ram Bedi and his great-grandfather was Ram Narayan Bedi. According to Sikh traditions, the birth and early years of Nanak's life were marked with many events that demonstrated that Nanak had been blessed with divine grace. Commentaries on his life give details of his blossoming awareness from
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