75 New Note Pakistan, SBP Issues on 75th Anniversary
Recently, the newly introduced Pakistani 75-rupee note is a denomination of the Pakistani rupee. Interestingly, the new note marks 75 years of the State Bank of Pakistan’s founding. You are required to read the article for detailed information. Follow us around for all the insights and fresh updates on PKB News. It was known that the banknote was introduced by the State Bank of Pakistan (SBP) in August 2022 to celebrate Pakistan’s 75 years of Independence. The banknote is the second of its kind, following the issuing of a celebrative banknote in 1997 to mark Pakistan’s golden jubilee. On April 2023, it was reported that the 75-rupee banknote has faced a rough patch in gaining widespread acceptance as a legal tender. The 75-rupee banknote predominantly features a green color, accompanied by shades of white and yellow. The green color symbolizes growth and development, which reflects the Islamic identity of Pakistan. The presence of white highlights the religious diversity within the country’s population.
75 New Note Pakistan
The front side of the banknote displays portraits of significant figures, including Muhammad Ali Jinnah, Syed Ahmad Khan, Muhammad Iqbal, and Fatima Jinnah. On the other hand, the reverse side of the banknote showcases images of the Markhor and Deodar trees. These images symbolize Pakistan’s commitment to addressing the challenges posed by climate change and its consequences. The SBP Director Finance Qader Bakhsh said the Rs 75 bill is the third commemorative banknote that the SBP has issued in its history of three-quarters of a century. The earlier two banknotes were issued to mark 50 and 75 years of the country’s founding.
It was also believed that the material of currency is made up of cotton-based, recyclable paper as opposed to the regular paper or polymer-based printing material that is often used in other economies. The banknote was issued in 2022 to mark 75 years of the country’s independence and carried the images of the Quaid-i-Azam, Fatima Jinnah, and Sir Syed Ahmad Khan. The selection of the three national figures became somewhat contentious as some people objected to the omission of other notable figures. Scroll down to the next section to learn more about the news.
The banknote, which has the status of legal tender, will not increase the money supply and there will be 4.3 billion pieces this year, most of which will be replaced by the existing banknotes. The Rs 75 banknote will consists of only 65 million pieces and it won’t be repeated.
