Pakistani rupee
Overview
Currency sign
A currency sign is a graphic symbol used as a shorthand for a currency's name, especially in reference to amounts of money. They typically employ the first letter or character of the currency, sometimes with minor changes such as ligatures or overlaid vertical or horizontal bars...
: Rs; code
ISO 4217
ISO 4217 is a standard published by the International Standards Organization, which delineates currency designators, country codes , and references to minor units in three tables:* Table A.1 – Current currency & funds code list...
: PKR) is the currency of Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
. The issuance of the currency is controlled by the State Bank of Pakistan
State Bank of Pakistan
The State Bank of Pakistan is the central bank of Pakistan. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until January 1, 1974, when the bank was nationalized, the scope of its functions was considerably enlarged...
, the central bank of the country. The most commonly used symbol for the rupee is Rs, used on receipts when purchasing goods and services. In Pakistan, the rupee is referred to as the "rupees", "rupaya" or "rupaye". As standard in Pakistani English
Pakistani English
Pakistani English is the term used to describe the English language as spoken in Pakistan. Pakistani English is slightly different in respect to accent and spellings of some words.-History:...
, large values of rupees are counted in terms of thousands, lakh
Lakh
A lakh is a unit in the Indian numbering system equal to one hundred thousand . It is widely used both in official and other contexts in Pakistan, Bangladesh, India, Maldives, Nepal, Sri Lanka, Myanmar and is often used in Indian English.-Usage:...
(100 thousand, in digits 100,000
Indian numbering system
The South Asian numbering system, used today in the Indian subcontinent , is based on grouping by two decimal places, rather than the three decimal places commonplace in most parts of the world. This system of measurement introduces separators into numbers in places appropriate to the two-digit...
) and crore
Crore
A crore is a unit in the Indian number system equal to ten million , or 100 lakhs. It is widely used in India, Bangladesh, Nepal, and Pakistan....
(10 million, in digits 10,000,000).
The origin of the word "rupee" is found in the Sanskrit
Sanskrit
Sanskrit , is a historical Indo-Aryan language and the primary liturgical language of Hinduism, Jainism and Buddhism.Buddhism: besides Pali, see Buddhist Hybrid Sanskrit Today, it is listed as one of the 22 scheduled languages of India and is an official language of the state of Uttarakhand...
word rūp or rūpā, which means "silver" in many Indo-Aryan languages
Indo-Aryan languages
The Indo-Aryan languages constitutes a branch of the Indo-Iranian languages, itself a branch of the Indo-European language family...
.