My country's currency

The currency of each country tells a story of its history, culture, and identity. Pakistan is no exception. The official currency of Pakistan is the Pakistani Rupee, represented by ₨. It is issued by the State Bank of Pakistan and features such important figures as the portrait of Muhammad Ali Jinnah on all major banknotes representing the birth and independence of the nation.

The Pakistani banknotes are bright and richly designed, carrying national landmarks such as the Faisal Mosque and ancient buildings to give a feel of the country's history. Coins, of denominations 1 to 10 rupees, accompany the smaller-sized daily transactions, and intricate designs carry local elements such as floral patterns.

The currency has evolved over time, with new security features added to prevent counterfeiting, blending tradition with modern technology. It reflects Pakistan's economic and cultural journey while adapting to modern demands.

The currency of Pakistan is the Pakistani Rupee, abbreviated as PKR and symbolised as ₨. It is issued and regulated by the State Bank of Pakistan. The rupee is subdivided into 100 smaller units called paisas, although paisa coins rarely circulate due to inflation. There is common circulation of banknotes of denominations of 10, 50, 100, 500, and 1,000 rupees besides coins of denominations from 1 to 10 rupees. The country's heritage is reflected through its currency since the face of the notes bears Muhammad Ali Jinnah, whereas on the other side are cultural landmarks and monuments of Pakistan. New designs and improvement in the security features have given a proper form to the Pakistani Rupee as the epitome of the country's old traditional as well as new look towards its economic landscape.

The smallest denomination of currency in Pakistan is 1 paisa, though coins below 1 rupee are no longer in circulation. The largest available banknote is 5,000 Pakistani rupees (PKR).

Now, to convert these amounts into STEEM:

1. Smallest unit:

1 PKR ≈ 0.022 STEEM based on the latest rates.

1. Largest banknote:

5,000 PKR = 110.8 STEEM.

These conversions use around 44.72 PKR for one STEEM considering the current exchange rate, which may change over time because the prices of cryptocurrencies can change constantly.

The largest denomination is the 5,000 rupee banknote in Pakistan. It is primarily used for high-value transactions because of its worth. Here's how it's usually applied:

1. Business Transactions:
   Businesses sometimes use 5,000 rupee notes for wholesale payments or large purchases, such as bulk goods or supplies. It reduces the need to carry large bundles of smaller notes, making cash handling easier.
   Large denomination is of great use for making advance payments on real estate, or for purchasing things such as jewelry and electronics. Many high-value deals still occur in cash as saving transfer fees or time.
2. Gifts and Personal Use
   Cash gifts during weddings often occur in 5,000 rupee notes. For a traveler carrying large amounts of cash, these denominations are handy for when banks or ATMs are not available.

However, such big notes are seldom used in everyday transactions since most stores and sellers cannot change it. It is more useful for savings or large planned expenditures.

Yes, I am proud of my country's currency, the Pakistani Rupee (PKR). It displays our national identity and pride because we see ourselves in the picture of Muhammad Ali Jinnah-the father of Pakistan-and our struggle for independence and unity. More importantly, it displays many historical landmarks like Faisal Mosque and the Khyber Pass, which show citizens how they are connected with the heritage and geography of the country.

I also appreciate the ways in which they try to modernize currency with watermark, microprint, and color-shifting inks in an attempt to prevent counterfeiting. These balances of tradition and innovation highlight cultural values and economic progress.

I handle them with care, avoid unnecessary damage and wherever possible encourage cashless practices to express respect for the national currency. Moreover, I collect old and special edition notes as a preserved form of documenting the journey of the rupee through its history.

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Written by @afaq1

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