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Capital blunder: India’s new Rs2,000 notes read, ‘Do Bazaar Rupye’

03:35 PM | 13 Nov, 2016
Capital blunder: India’s new Rs2,000 notes read, ‘Do Bazaar Rupye’
CHENNAI - Taking a firm stand on ending corruption, black money and unauthorized cash flow, Indian PM Narendra Modi recently banned the 500 and 1,000-rupee denominations. This news made waves throughout India, especially considering the lack of a buffer between the announcement and the implementation. Amidst all this chaos, the nation witnessed the entry of crisp purple-clad 2,000-rupee notes, which contains spelling errors.

As per Chennai-based Urdu scholars, the Urdu word ‘hazaar’ which means thousand has been printed as ‘bazaar’ that means market.

“They have committed a spelling error on the notes,” said U Mohamed Khalilullah, an Urdu scholar and chartered accountant from the southern state of Tamil Nadu.

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The value of the currency has been printed in 15 languages on the reserve side of the new Rs 2000 note. In Urdu, it is printed as ‘Do Bazaar Rupye’ instead of ‘Do Hazaar Rupye’. As per a Times of India report, Hindi phrase was also printed wrongly on the newly minted Rs 2,000 notes. It has been printed as ‘Dhon Hazaar Rupye’, instead of ‘Dho Hazaar Rupye.’

Times of India quoted Khalilullah saying, “It has been printed wrongly. When there is a lot of confusion in the country now, whether the wrongly printed notes are valid or legal tender is to be determined.”

Union Finance Minster Arun Jaitley says the Finance Ministry is monitoring currency replacement constantly in a bid to placate the frustration among people. However, currency replacement would take time, he added.

The Central government on Friday extended use of old banned currencies of Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees by another 72 hours to November 14. Although the time limit set was to expire Saturday mid-night, it was extended as banks struggle to cope with the demand. People can also make payments for metro rail tickets, highway and road toll, medicines from the government and private pharmacies use the older notes.

The notes can also be used for LPG gas cylinders, railway catering, electricity and water bills and ASI monument entry tickets.

The writer is a member of the staff.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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