Explain The History Of Coinage In Pakistan?


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Muhammad Abdullah786 Profile
The history of coinage in Pakistan can be traced back to the history of coinage in the undivided India.The use of gold and silver metals in uncoined form continued for a long time as a media of exchange, because these metals possessed intrinsic value and was also required for ornaments. In the beginning symbols were impressed on the face of coins by means of purchases.

Then as time passed in and technology developed, the shape and execution of the coins was improved considerably. In the reign of Guptas the coins had some shape and fineness in them. As the attempt was made by king Altamash, the great, he is the one who to introduce round shape silver coins weighing 173 grains of each.

The coinage of the gold standard also continued in the country but they ceased to exist as legal tender money. The ratio of exchange of one gold coin named as Mohr was equal to 15 silver rupees for all transactions purposes. In the year 1906, the coinage act was amended and the government was allowed to mint other metals bronze and nickel in addition to silver for coins of various denominations. The Indian coins remained legal tender for one year after partition in Pakistan.
shahid zaki Profile
shahid zaki answered
From 1947-61 the old British Indian system prevailed (except for some very low denominations), which was 1ruppe = 16 annas, 1 anna = 12 pies. There was a '1 pice'  which was equal to three pies (quarter anna). There was half anna, one anna, two anna, quarter rupee (4 annas), half rupee (8 annas) and 1 rupee coins in circulation. In 1961 the decimal system was introduced; 1 rupee = 100 paisa. The Ruppe continued as the same and the 1948 and 1949 coins continued for long. Presently (since 1998) the 1 rupee, 2 rupee and 5 rupee denominations are in metal coins. After 2007 the 1r and 2r coins have been converted to Aluminum while the 5r to a paper banknote.

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