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State Bank of Pakistan releases commemorative Rs50 coin on Senate's golden jubilee

06:18 PM | 17 Mar, 2023
State Bank of Pakistan releases commemorative Rs50 coin on Senate's golden jubilee
Source: Twitter

The State Bank of Pakistan (SBP) has issued a commemorative Rs50 coin to mark the golden jubilee of the country's Senate, which was established in 1973.

The SBP stated that the federal government has authorised the bank to issue the coin to celebrate this significant occasion. The coin will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from March 17.

The Senate of Pakistan, also known as Aiwan-e-Bala Pakistan, is the upper legislative chamber of the bicameral parliament of Pakistan, with equal representation from all provinces. It symbolises continuity in national affairs and is a permanent house. The round coin has a dimension of 30 mm and weighs 13.5 grams. It is made of cupro-nickel metal, with copper comprising 75% and nickel 25%.

The obverse face of the coin features a waxing crescent moon and a five-pointed star facing northwest in the centre. On top of the crescent star, the words "Islami Jamhuria Pakistan" are inscribed in Urdu script along the periphery, and below the crescent are two springs of wheat with arms curved upward and the year of issuance, which is 2023.

The reverse side of the coin shows the insignia of the Senate of Pakistan in the centre, with the number 50 on the right-hand side and the words "Pakistan Senate Golden Jubilee" in Urdu. The duration of the golden jubilee (1973-2023) is written below the insignia.

In addition, last year, the SBP issued a commemorative banknote of Rs75 to mark the 75th anniversary of the creation of Pakistan.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 20 Feb 2024

Pakistani currency remained largely stable against US dollar and other currencies in the open market on February 20, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.05 for buying and 282.1 for selling.

On Tuesday, Euro stands at 301 for buying and 304 for selling while British Pound rate stands at 352.4 for buying, and 355.4 for selling.

UAE Dirham AED hovers at 76.55 whereas the Saudi Riyal saw slight increase, with new rates at 74.2.

Today’s currency exchange rates in Pakistan - 20 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.05 282.1
Euro EUR 301 304
UK Pound Sterling GBP 352.4 355.4
U.A.E Dirham AED 76.55 77.25
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 180 182
Bahrain Dinar BHD 743.12 751.12
Canadian Dollar CAD 206.5 208.5
China Yuan CNY 38.84 39.24
Danish Krone DKK 40.24 40.64
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.48 3.59
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 906.33 915.33
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 170.1 172.1
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.75 733.75
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 207
Swedish Korona SEK 26.85 27.15
Swiss Franc CHF 315.64 318.14
Thai Bhat THB 7.93 8.08

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