The Pakistani 75-rupee banknotes are commemorative denominations of the Pakistani rupee.
| Rupee | |
|---|---|
| ISO 4217 | |
| Code | PKR (numeric: 586) |
| Subunit | 0.01 |
| Demographics | |
| User(s) | Pakistan |
The first note was introduced in late 2022, shortly after Independence Day, to mark 75 years of Pakistan’s independence.
The second note followed nearly a year later in July 2023, celebrating the 75th anniversary of the State Bank of Pakistan.
Pakistan's 75th independence commemoration note
The 75-rupee Independence commemorative banknote was introduced by the State Bank of Pakistan on August 14, 2022, to commemorate 75 years of Pakistan's independence. This release marked the second commemorative banknote issued by the State Bank of Pakistan, following the golden jubilee banknote issued in 1997 to celebrate 50 years of independence.
Design
Obverse
The note features a green and white design with tones of yellow and prominently displays portraits of Pakistan’s key historical figures: Muhammad Ali Jinnah, Fatima Jinnah, Allama Muhammad Iqbal, and Syed Ahmad Khan on the front or obverse. These images symbolize the "determination" and "sacrifices" of these "iconic" personalities in the struggle for Pakistan’s independence.
Reverse
On the back, there's a scene with Deodar (Cedrus Deodara) trees and the national animal, the Markhor. Created by Sara Khan, this design highlights Pakistan's commitment to protecting its natural environment.
Security features
The Rs 75 commemorative note is equipped with security features as with the other currency notes. These include the Urdu numeral '75' which appears complete when the note is held in the light, Pure Image security thread with pulsing holographic rainbow effect and micro-lettering of 'SBP' and '75', among others.
Moreover, the portraits and numbers on the note have raised printing, allowing identification of the banknote by the visually impaired.
| Feature | Details |
|---|---|
| Denomination | 75 Pakistani Rupees |
| Issuing Authority | State Bank of Pakistan |
| Issue Date | August 14, 2022 |
| Commemoration | 75th Anniversary of Pakistan's Independence |
| Obverse | Images of founding figures: Quaid-e-Azam Muhammad Ali Jinnah, Allama Iqbal, Sir Syed Ahmed Khan, and Fatima Jinnah |
| Reverse | Scenic view of K-2 mountain and Deodar trees symbolizing the natural beauty of Pakistan |
| Primary Colors | Dominant green and white, reflecting the national flag colors |
| Dimensions | 147 mm x 65 mm |
| Security Features | Micro text, security threads, watermarks, and tactile features for visually impaired |
State Bank of Pakistan anniversary commemorative note
On July 4, 2023, State Bank of Pakistan Governor Jameel Ahmad introduced another commemorative Rs.75 banknote to celebrate the central bank's 75th anniversary.
Design
Obverse
The predominantly blue banknote, chosen to convey the stability of a central bank, features a stylized sketch of the state bank building by Syed Sadequain Ahmed Naqvi. This sketch appears alongside the traditional portrait of Quaid-e-Azam on the front.
Reverse
The back of the banknote reflects the state bank's commitment to "banking on equality," featuring a portrait of Fatima Jinnah. It also underscores Pakistan's dedication to combating climate change, showcasing sustainable energy sources like wind turbines and solar panels.
| Feature | Details |
|---|---|
| Denomination | 75 Pakistani Rupees |
| Issuing Authority | State Bank of Pakistan |
| Issue Date | September 30, 2023 |
| Commemoration | 75th Anniversary of the State Bank of Pakistan |
| Obverse | Portraits of Quaid-e-Azam Muhammad Ali Jinnah and the state bank's headquarters building in Karachi |
| Reverse | Featuring a portrait of Fatima Jinnah, the banknote highlights Pakistan's commitment to climate action with images of sustainable energy sources, including wind turbines and solar panels. |
| Primary Colors | Blue and White |
| Dimensions | 147 mm x 65 mm |
| Security Features | Security thread, watermark of Quaid-e-Azam, microprinting, and tactile elements for accessibility |
| Unique Aspect | First PKR 75 note commemorating the institution itself, reflecting the state bank's role in Pakistan's financial journey |
Controversies
Legal status
During Eid al-Fitr, shopkeepers across Pakistan refused to accept the 75-rupee notes, sparking rumors of their potential demonetization. In response, State Bank of Pakistan spokesperson Abid Qamar addressed the issue in a video posted on the central bank’s official Twitter account. He reassured the public that the 75-rupee commemorative note remains fully valid for transactions and clarified that all currency is issued under Section 25 of the State Bank of Pakistan Act, with no expiration date for the note. Qamar also dismissed claims that the government had withdrawn or discontinued the banknote.
Omissions of key figures
The commemorative note, issued in 2022 for Pakistan’s 75th independence anniversary, features portraits of Quaid-e-Azam Muhammad Ali Jinnah, Fatima Jinnah, Allama Iqbal, and Sir Syed Ahmad Khan. This selection generated some debate, with critics noting the omission of figures such as Pakistan’s first Prime Minister, Liaquat Ali Khan, and Zulfiqar Ali Bhutto, which they viewed as significant.
Supply
The State Bank of Pakistan's finance director, Qadar Baksh, explained that the Rs. 75 banknote, a legal tender, will not impact the overall money supply. Of the 4.3 billion notes being circulated in 2023, only 65 million will be the Rs. 75 denomination, making it a limited, one-time release.
External Links
- Qadar Baksh: https://www.linkedin.com/authwall?trk=qf&original_referer=https://www.google.com/&sessionRedirect=https%3A%2F%2Fpk.linkedin.com%2Fin%2Fqader-bakhsh-5b2b277
- Abid Qamar: https://www.linkedin.com/authwall?trk=qf&original_referer=https://www.google.com/&sessionRedirect=https%3A%2F%2Fpk.linkedin.com%2Fin%2Fabid-qamar-0167892b
References
- ^ "SBP unveils commemorative Rs75 banknote to mark Pakistan's diamond jubilee". The News International. Archived from the original on 2023-05-20. Retrieved 2023-05-20.
- "Commemorative Banknotes". State Bank of Pakistan.
- ^ Mudassar, Usama (2023-10-19). "State Bank of Pakistan Issues Commemorative 75 Rupees Notes in Celebration of the Country's Independence - Read.pk". Retrieved 2024-12-13.
- ^ "SBP unveils design of Rs75 banknote on 75th anniversary of country's independence". The Nation. 2022-08-14. Retrieved 2024-12-13.
- ^ "Pakistan 75 Rupees – New Commemorative Banknote". Banknote World. 2022-10-15. Retrieved 2024-12-13.
- ^ "State Bank of Pakistan Officially Unveils Rs. 75 Commemorative Note - Economy.pk". 2022-08-14. Retrieved 2024-12-13.
- Reporter, The Newspaper's Staff (2022-08-15). "Rs75 commemorative banknote marks nation's pledge to tackle climate change". DAWN.COM. Retrieved 2024-12-23.
- "State Bank Officially Unveils Rs. 75 Commemorative Note". Propakistani. 14 August 2022.
- "SBP reveals Rs75 commemorative banknote". Express Tribune. 14 August 2022.
- ^ Reporter, The Newspaper's Staff (August 15, 2022). "Rs75 commemorative banknote marks nation's pledge to tackle climate change". dawn.com. Archived from the original on May 20, 2023. Retrieved May 20, 2023.
- ^ Alam, Kazim (2023-07-05). "New note marks 75 years of SBP's founding". dawn.com. Retrieved 2024-11-09.
- State Bank of Pakistan (2023-07-04). Rs.75 Banknote to mark 75 years of SBP's founding. Retrieved 2024-12-13 – via YouTube.
- "The Rs. 75 Bank Note is Still Fully Legal: State Bank". Propakistani. 29 April 2023.
- "Rs75 note like other currency notes is acceptable: SBP". 2023-04-28. Retrieved 2024-11-08.
- "'Rs75 commemorative banknote has no expiry date,' clarifies SBP". www.thenews.com.pk. Retrieved 2024-12-13.
- Shahnawaz, Faisal (2023-04-28). "State Bank clarifies Rs75 banknote is not being withdrawn". Pkrevenue.com. Retrieved 2024-12-13.
- Siddiqui, Salman (2023-10-22). "The Rs75 banknote controversy". The Express Tribune. Retrieved 2024-12-23.
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|---|---|
| History | |
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| Banknotes | |
| See also | |