When State Bank of Pakistan (SBP) released a commemorative banknote of Rs75?
A. 1st January 2022
B. 4th June2022
C. 11st July 2022
D. 14th August 2022
Commemorative Banknote of Rs75 Issue date
Pakistan is celebrating its 75 year of independence, and the State Bank of Pakistan has released a commemorative banknote worth 75 rupees to mark the nation’s diamond jubilee on 14th August, 2022.
“The note will be available for public issuance from 30th September 2022,” The central bank tweeted.
1/2 #SBP unveils the design of Rs.75 commemorative banknote being issued on 75th anniversary of the country’s independence. The note will be available for public issuance from 30th September 2022.
For details: https://t.co/ZvCNGKxSjV pic.twitter.com/qweDbs28g7— SBP (@StateBank_Pak) August 14, 2022
75 Rupees- 75th Anniversary of Pakistan’s Independence |
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Current Circulating Banknotes
The Founder of Pakistan Quaid-i-Azam Muhammad Ali Jinnah, in May, 1948, took steps for immediate establishment of the State Bank of Pakistan. These were implemented by State Bank of Pakistan Order 1948 dated 12 th May, 1948 and the State Bank of Pakistan commenced operation on July 1, 1948.
As per the State Bank of Pakistan Order 1948, the State Bank of Pakistan was charged with the duty to regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in Pakistan and generally to operate the currency and credit system of the country to its advantage.
The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. In terms of Section 24, State Bank of Pakistan has the sole right to issue banknotes.
The State Bank of Pakistan introduced the first emergency issues in the denominations of 5, 10, and 100 rupees, printed by De La Rue & Company between 1948 and 1960. Presently new banknote series is in circulation since 2005 with introduction of 20 rupee denomination banknote followed by introduction of other banknote denominations of 50, 100, 500, 1000, and 5000.
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