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PKR information
About the Pakistani Rupee (PKR)
What Is the Pakistani Rupee (PKR)?
The Pakistani Rupee, with the ISO code PKR, is the official currency of the Islamic Republic of Pakistan. It was officially adopted in 1949, taking over from the Indian Rupee post-partition. The currency is symbolized as Rs and is subdivided into 100 paise, although paise coins are no longer in active circulation. The Pakistani Rupee is the sole legal tender in Pakistan, and it is used for all transactions within the country.
The Pakistani Rupee is issued by the State Bank of Pakistan, which is the central bank of the country. The State Bank of Pakistan is responsible for the regulation and control of the currency, including its issuance, distribution, and monetary policy management. This role includes ensuring the stability of the currency, managing Pakistan's foreign exchange reserves, and overseeing the country's banking system
What Is the History of PKR?
The term "Rupee" is derived from the Sanskrit word "Rūpya," meaning a coin of silver. The Pakistani Rupee has its roots in the currency introduced by Sher Shah Suri in the 16th century. It was officially adopted in 1949, following the partition of British India and the creation of Pakistan. Before this, the currency in circulation was the Indian Rupee, issued and controlled by the Reserve Bank of India.
Notes and Coins of PKR
The first coins in Pakistan were introduced in 1948 in various denominations, ranging from 1 pice to 1 rupee. Over the years, the coinage has evolved, with the latest additions being the Rs. 5 and Rs. 10 coins. Banknotes have also seen significant changes, with the current series featuring denominations from Rs. 5 to Rs. 5,000. These notes are distinct in their color and size, with larger denominations being longer. All banknotes feature a portrait of Muhammad Ali Jinnah on the obverse.
Economic Significance and Exchange Rate
The Pakistani Rupee is a fiat currency, meaning its value isn't backed by physical commodities but by the government's declaration. Historically, the rupee was pegged to the British pound and later operated under a managed float system. This shift led to significant devaluation in the 1980s, impacting the import of raw materials and the broader economy.
In recent years, the PKR has faced challenges, including a sharp devaluation in 2021 due to political instability and economic pressures. However, as of late 2023, it has shown signs of recovery, becoming one of the best-performing currencies against the US dollar.
Do Pakistan and India use the same currency?
No, Pakistan and India do not use the same currency. Pakistan uses the Pakistani Rupee (PKR), while India uses the Indian Rupee (INR). Although both currencies share a common historical origin and are both named "rupee," they are distinct and separate currencies managed by their respective countries. The Pakistani Rupee is managed by the State Bank of Pakistan, and the Indian Rupee is managed by the Reserve Bank of India. The two currencies have different values and are not interchangeable.
MOE to PKR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget | ₨0.{4}2255 | 0.0200% / 0.0320% |
How to buy MOE
Buy MOE (or USDT) for PKR (Pakistani Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
1 1USDT Giveaway-2 ![]() ![]() ![]() 4353 trades|Completion rate 99.00% | 30 PKR | Amount164 USDT Limit30 - 30 PKR | ![]() | |
_ _Fast_Trader ![]() ![]() 334 trades|Completion rate 100.00% | 286.27 PKR | Amount2400.78 USDT Limit80000 - 500000.88 PKR | ![]() ![]() ![]() ![]() ![]() | |
H Hafeez$123 ![]() 289 trades|Completion rate 95.00% | 286.3 PKR | Amount562.32 USDT Limit10000 - 160992 PKR | ![]() | |
S SIKANDER HAYAT ![]() 308 trades|Completion rate 97.00% | 286.45 PKR | Amount24.59 USDT Limit2850 - 7043 PKR | ![]() | |
A Ansari-trader ![]() 321 trades|Completion rate 98.00% | 286.5 PKR | Amount49.13 USDT Limit3000 - 19075 PKR | ![]() ![]() ![]() |
Sell MOE (or USDT) for PKR (Pakistani Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
A Al-Aziz Traders ![]() 721 trades|Completion rate 97.00% | 285 PKR | Amount74.99 USDT Limit1000 - 51788 PKR | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
A Ansari-trader ![]() 321 trades|Completion rate 98.00% | 284.72 PKR | Amount33.42 USDT Limit3000 - 9515 PKR | ![]() ![]() ![]() | |
L Loyality Exchange❤️ ![]() ![]() 622 trades|Completion rate 99.00% | 284.71 PKR | Amount539.85 USDT Limit3000 - 153700.69 PKR | ![]() ![]() ![]() ![]() | |
G Gran trader ![]() 684 trades|Completion rate 99.00% | 284.7 PKR | Amount70 USDT Limit500 - 18000 PKR | ![]() ![]() ![]() ![]() ![]() | |
Z ZALMI .TRADERS ![]() 425 trades|Completion rate 97.00% | 284.65 PKR | Amount29 USDT Limit3000 - 8254.85 PKR | ![]() ![]() |
What factors influence the conversion rate of MOE to Pakistani Rupee?
MOE to Pakistani Rupee is rising this week.Conversion tables
The exchange rate of MOE is decreasing.MOE to PKR
PKR to MOE
Today vs. 24 hours ago
Amount | 18:54 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MOE | $0.{7}4051 | $0.{7}4114 | -1.54% |
1 MOE | $0.{7}8102 | $0.{7}8229 | -1.54% |
5 MOE | $0.{6}4051 | $0.{6}4114 | -1.54% |
10 MOE | $0.{6}8102 | $0.{6}8229 | -1.54% |
50 MOE | $0.{5}4051 | $0.{5}4114 | -1.54% |
100 MOE | $0.{5}8102 | $0.{5}8229 | -1.54% |
500 MOE | $0.{4}4051 | $0.{4}4114 | -1.54% |
1000 MOE | $0.{4}8102 | $0.{4}8229 | -1.54% |
Today vs. 1 month ago
Amount | 18:54 today | 1 month ago | 1M change |
---|---|---|---|
0.5 MOE | $0.{7}4051 | $0.{7}4685 | -13.54% |
1 MOE | $0.{7}8102 | $0.{7}9370 | -13.54% |
5 MOE | $0.{6}4051 | $0.{6}4685 | -13.54% |
10 MOE | $0.{6}8102 | $0.{6}9370 | -13.54% |
50 MOE | $0.{5}4051 | $0.{5}4685 | -13.54% |
100 MOE | $0.{5}8102 | $0.{5}9370 | -13.54% |
500 MOE | $0.{4}4051 | $0.{4}4685 | -13.54% |
1000 MOE | $0.{4}8102 | $0.{4}9370 | -13.54% |
Today vs. 1 year ago
Amount | 18:54 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 MOE | $0.{7}4051 | $0.{7}6648 | -39.07% |
1 MOE | $0.{7}8102 | $0.{6}1330 | -39.07% |
5 MOE | $0.{6}4051 | $0.{6}6648 | -39.07% |
10 MOE | $0.{6}8102 | $0.{5}1330 | -39.07% |
50 MOE | $0.{5}4051 | $0.{5}6648 | -39.07% |
100 MOE | $0.{5}8102 | $0.{4}1330 | -39.07% |
500 MOE | $0.{4}4051 | $0.{4}6648 | -39.07% |
1000 MOE | $0.{4}8102 | $0.0001330 | -39.07% |
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