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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.
OKT to PKR conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget | ₨2,457.94 | 0.0200% / 0.0320% | |
OKX | ₨2,471.16 | 0.080% / 0.100% | Yes |
Gate.io | ₨2,473.1 | 0.1000% / 0.1000% | Yes |
How to buy OKT Chain
Buy OKT (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-1 ![]() ![]() ![]() 2020 trades|Completion rate 98.00% | 30 PKR | Amount69 USDT Limit30 - 30 PKR | ![]() | |
_ _Fast_Trader ![]() ![]() 381 trades|Completion rate 99.00% | 287.97 PKR | Amount349.14 USDT Limit80000 - 350000.88 PKR | ![]() ![]() ![]() ![]() ![]() | |
Z ZAIB_TRADERS ![]() ![]() 492 trades|Completion rate 99.00% | 287.99 PKR | Amount713.84 USDT Limit29000 - 71300 PKR | ![]() ![]() ![]() ![]() | |
G Google rate ![]() 105 trades|Completion rate 93.00% | 288 PKR | Amount3.12 USDT Limit30 - 3139 PKR | ![]() | |
M Malaika Trader ![]() ![]() 625 trades|Completion rate 98.00% | 288.3 PKR | Amount148.85 USDT Limit3000 - 5000 PKR | ![]() ![]() ![]() |
Sell OKT (or USDT) for PKR (Pakistani Rupee) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S SupremXchange ![]() 38 trades|Completion rate 97.00% | 287.35 PKR | Amount128.69 USDT Limit500 - 49950 PKR | ![]() ![]() ![]() ![]() ![]() | |
N NOOR_TRADERS ![]() 276 trades|Completion rate 97.00% | 287.27 PKR | Amount220 USDT Limit3000 - 63100 PKR | ![]() ![]() ![]() ![]() | |
S Shagufta Maqbool ![]() 970 trades|Completion rate 98.00% | 287.26 PKR | Amount80.81 USDT Limit2950 - 10190 PKR | ![]() ![]() ![]() ![]() ![]() ![]() ![]() | |
M Malaika Trader ![]() ![]() 625 trades|Completion rate 98.00% | 287.26 PKR | Amount29 USDT Limit3000 - 19820 PKR | ![]() ![]() ![]() ![]() ![]() ![]() | |
o ok by ![]() 170 trades|Completion rate 97.00% | 287.25 PKR | Amount100 USDT Limit3000 - 25785 PKR | ![]() |
What factors influence the conversion rate of OKT Chain to Pakistani Rupee?
OKT Chain to Pakistani Rupee is falling this week.Conversion tables
The exchange rate of OKT Chain is decreasing.OKT to PKR
PKR to OKT
Today vs. 24 hours ago
Amount | 10:00 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 OKT | $4.42 | $4.68 | -5.50% |
1 OKT | $8.84 | $9.36 | -5.50% |
5 OKT | $44.21 | $46.8 | -5.50% |
10 OKT | $88.42 | $93.6 | -5.50% |
50 OKT | $442.12 | $468 | -5.50% |
100 OKT | $884.24 | $935.99 | -5.50% |
500 OKT | $4,421.22 | $4,679.96 | -5.50% |
1000 OKT | $8,842.43 | $9,359.92 | -5.50% |
Today vs. 1 month ago
Amount | 10:00 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 OKT | $4.42 | $6.97 | -36.48% |
1 OKT | $8.84 | $13.95 | -36.48% |
5 OKT | $44.21 | $69.74 | -36.48% |
10 OKT | $88.42 | $139.48 | -36.48% |
50 OKT | $442.12 | $697.39 | -36.48% |
100 OKT | $884.24 | $1,394.79 | -36.48% |
500 OKT | $4,421.22 | $6,973.93 | -36.48% |
1000 OKT | $8,842.43 | $13,947.86 | -36.48% |
Today vs. 1 year ago
Amount | 10:00 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 OKT | $4.42 | $7.33 | -39.57% |
1 OKT | $8.84 | $14.66 | -39.57% |
5 OKT | $44.21 | $73.31 | -39.57% |
10 OKT | $88.42 | $146.62 | -39.57% |
50 OKT | $442.12 | $733.1 | -39.57% |
100 OKT | $884.24 | $1,466.21 | -39.57% |
500 OKT | $4,421.22 | $7,331.05 | -39.57% |
1000 OKT | $8,842.43 | $14,662.1 | -39.57% |
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