X

PKR meaning in Country Currency ?

( 5 )  .  1 Rating
1749 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is Pakistan Rupee mean?

The Pakistani rupee (Urdu: روپیہ‎ / ALA-LC: Rūpiyah; sign: ; code: abbreviated as PKR) has been the official currency of Pakistan since 1948. The coins and notes are issued and controlled by the central bank, namely State Bank of Pakistan.

Since the United States dollar suspension in 1971 of convertibility of paper currency into any precious metal, Pakistani rupee is, de facto, fiat money. Before the collapse of Bretton Woods system, currency was pegged at fixed exchange rate to the United States dollar for international trade and was backed by the US gold. The currency was convertible to gold on demand.

In Pakistani English, large values of rupees are counted in thousands; lakh (100,000); crore (ten-millions); arab (billions); kharab (hundred-billions).

reference

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Country Currency
Miscellaneous in Country Currency

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X

Important Country Currency Links





Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join