What is the currency of Pakistan

Pakistani Rupee Exchange Rate - Pakistani Rupee Conversion - Currency Converter PKR

The Pakistani rupee (English: Rupee) is the official currency of Pakistan, a state in South Asia west of India. One rupee is equal to 100 paises. Until 1961, the Pakistani rupee was divided into 16 so-called annas. The ISO code for the Pakistani rupee is PKR. In Pakistan itself, the currency is also called Re. (Singular) and backs (plural) abbreviated. According to the current exchange rate, 100 PKR corresponds to around € 0.84, and one euro currently costs around 118.89 Pakistani rupees. There are seven different types of paper money in circulation. The State Bank of Pakistan, which largely determines Pakistan's payment transactions, issues banknotes to the value of 10, 20, 50, 100, 500, 1000 and 5000 rupees. Three coins of different values ​​continue to serve as a means of payment.

In addition to the 1 and 2 rupee coins, there are also 5 rupee coins. In addition, there are also a large number of Paise coins that are not in use in Pakistan due to the very high inflation. Due to their very low value, they have become unusable as a means of payment and have not been minted since 1996. This inflation is difficult to fight due to the threatening economic and social development of Pakistan, which leads to an ever stronger devaluation of the Pakistani rupee.