Bismillah hira huma niraheem
I will be thank full to Allah almighty who give chance to share this precious information with you.When Pakistan was carved out of the British India on 14 August 1947, it had no currency notes or coins of its own, nor a central bank or mint to print paper currency or mint coins. In order to cope up with the requirement of the new country, the Governor General of undivided India issued the ‘Pakistan (Monetary System and Reserve Bank) Order, 1947’ on 14 August 1947, the day before partition. Under this order, the Reserve Bank of India was to act as the common currency authority for India and Pakistan until 30 September 1948, allowing a cushion period of almost a year for the newly born state to issue its own currency. As an interim arrangement, the currency notes and coins issued by the Reserve Bank of India and the Government of India were to be the legal tender in Pakistan.
| 1947 to 1949 |
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| The coins were two of a total six pairs of pattern Rupee prepared in 1947 prior to the commencement of coinage for the newly independent Republic of Pakistan. Neither of the designs was adopted and when Sinclair-Jones (Mint Master at Lahore) left Pakistan during the turmoil of the 1947-48 riots, the four sets were lost and their present whereabouts is unknown. A pair of pattern Rupee dated 1947 were struck in nickel. |
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| 01. Obverse: Crescent and star, value in Urdu above and in English below. Dates to the left and right. Reverse: Toughra within circle, "Government of Pakistan" written in the outer circle. It had a milled edge. |
| 02. Another pair of nickel pattern Rupee dated 1947 were also struck with slightly different design. Obverse: It had dates with "Government of Pakistan" legend written in the outer circle and Toughra within the inner circle. Reverse: Crescent and star, value in Urdu above and in English below with smaller stars on both left and right sides. It had a milled edge. |
| 03. According to Spinks, a nickel pattern Rupee dated 1947 as per adopted design of 1948 exists. It is possibly the only known specimen. |
Currency converion:
1Rupee = 16 Anna = 64 Pice = 192 Pie
1 pice
Year: 1948.
Weight: 1.55g.
Metal: Bronze (Cu=97% + Zn=2.5% + Sn=0.5%).
Diameter: 21.3 mm with holed 9.4 mm.
Edge: Plain.
Alignment: Medal.
Mint: Lahore.
Obverse: Crescent and star on the right, divides value around the top while center hole divides date. Four stars around date.
Reverse: "Government of Pakistan" legends in Urdu and English around center hole.
Mintage: 25,740,000.
Minted Years: 1948-1952 (except 1950).
HALF ANNA (two pice)
Year: 1948.
Weight: 2.90g.
Metal: CuNi. (Cu=75% + Ni=25%).
Diameter: Flat: 17.4 mm, Corner: 19.8 mm.
Edge: Plain.
Alignment: Medal.
Mint: Probably Lahore, Bombay or Calcutta.
Obverse: "Government of Pakistan" with date above tughra, flanked by two stars and sprigs at bottom, all within dotted circle.
Reverse: Crescent on right, three stars and value above sprigs within dotted circle.
Mintage: 73,920,000.
Minted Years: 1948-1951 (except 1950).
ONE ANNA
Year: 1948.
Weight: 3.75g.
Metal: CuNi. (Cu=75% + Ni=25%).
Diameter: Waved 12 Scallops; Size: 21 x 19.8 mm.
Edge: Plain.
Alignment: Medal.
Mint: Probably Lahore, Bombay or Calcutta.
Obverse: "Government of Pakistan" with date above tughra, flanked by two stars and sprigs at bottom, all within dotted circle.
Reverse: Crescent on right, three stars and value above sprigs within dotted circle.
Mintage: 73,460,000.
Minted Years: 1948-1952 (except 1950)
TWO ANNA
Year: 1948.
Weight: 5.80g.
Metal: CuNi. (Cu=75% + Ni=25%).
Diameter: Flat: 22.3 mm, Corner: 25.4 mm.
Edge: Plain.
Alignment: Medal.
Mint: Probably Lahore, Bombay or Calcutta.
Obverse: "Government of Pakistan" with date above tughra, flanked by two stars and sprigs at bottom, all within dotted circle. One star in each corner.
Reverse: Crescent on right, three stars and value above sprigs within dotted circle. One star in each corner. Mintage: 55,930,000.
Minted Years: 1948-1951 (except 1950).
Quarter Rupee
1/4 Rupee.
Year: 1948.
Weight: 2.75g.
Metal: Ni. (Ni=100%).
Diameter: 19 mm.
Edge: Reeded.
Alignment: Medal.
Mint: Probably Lahore, Bombay or Calcutta.
Obverse: "Government of Pakistan" with date above tughra, flanked by two stars and sprigs at bottom, all within dotted circle.
Reverse: Crescent on right, three stars and value above sprigs within dotted circle.
Mintage: 52,680,000.
Minted Years: 1948-1951 (except 1950).
HALF RUPEE
Year: 1948.
Weight: 6.00g.
Metal: Ni. (Ni=100%).
Diameter: 24 mm.
Edge: Reeded.
Alignment: Medal.
Mint: Probably Lahore, Bombay or Calcutta.
Obverse: "Government of Pakistan" with date above tughra, flanked by two stars and sprigs at bottom, all within dotted circle.
Reverse: Crescent on right, three stars and value above sprigs within dotted circle.
Mintage: 33,260,000.
Minted Years: 1948-1951 (except 1950).
ONE RUPEE
1Rupee.
Year: 1948.
Weight: 11.50g.
Metal: Ni. (Ni=100%).
Diameter: 28 mm.
Edge: Reeded.
Alignment: Medal.
Mint: Probably Lahore, Bombay or Calcutta.
Obverse: "Government of Pakistan" with date above tughra, flanked by two stars and sprigs at bottom, all within dotted circle.
Reverse: Crescent on right, three stars and value above sprigs within dotted circle.
Mintage: 46,200,000.
Minted Years: 1948-1949.
QUAID-E-AZAM
MUHAMMAD ALI JINNAH
(Founder of Pakistan)
Speech on the occasion of the opening of the State Bank of Pakistan by Muhammad Ali Jinnah on 1st July, 1948:
"Mr. Governor, Directors of the State Bank, Ladies and Gentlemen
The opening of the State Bank of Pakistan symbolises the sovereignty of our State in the financial sphere and I am very glad to be here today to perform the opening ceremony. It was not considered feasible to start a bank of our own simultaneously with the coming into being of Pakistan in August last year. A good deal of preparatory work must precede the inauguration of an institution responsible for such technical and delicate work as note issue and banking. To allow for this preparation, it was provided, under the Pakistan Monetary System and Reserve Bank Order, 1947, that the Reserve Bank of India should continue to be the currency and banking authority in Pakistan till the 30th September, 1948. Later on it was felt that it would be in that best interest of our State if the Reserve Bank of India were relieved of its functions in Pakistan, as early as possible. The date of transfer of these functions to a Pakistan agency was consequently advanced by three months in agreement with the Government of India and the Reserve Bank. ....."
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