Editing Economy of Pakistan (section)

=== Rupee ===

The basic unit of currency is the [[Pakistani rupee|rupee]], ISO code PKR, and abbreviated Rs, which is divided into 100 paisas. Currently, the 5,000 rupee note is the largest denomination in circulation. From 13 August 2005, the SBP started introducing its fifth generation design of banknotes with additional security features, with the Rs. 20 note being the first issuance. New designs of Rs. 5 (July 2008, later replaced by a coin), 10 (May 2006), Rs. 20 (March 2008, new color scheme), Rs. 50 (July 2008), Rs. 100 (November 2006), Rs. 500 (January 2010), Rs. 1000 (February 2007), and Rs. 5000 (May 2006) were gradually introduced.<ref>{{Cite web |title=State Bank of Pakistan |url=https://www.sbp.org.pk/BankNotes/banknotes.htm |access-date=6 April 2022 |website=sbp.org.pk}}</ref><ref>{{Cite web |last=Dawn.com |date=9 November 2021 |title=SBP rejects reports of new designs for currency notes |url=https://www.dawn.com/news/1656982 |access-date=6 April 2022 |website=Dawn |language=en}}</ref><ref>{{Cite web |title=State Bank of Pakistan |url=https://www.sbp.org.pk/finance/Pak-his.asp |access-date=6 April 2022 |website=sbp.org.pk}}</ref>

The Pakistani rupee was [[Fixed exchange rate system|pegged]] to the [[pound sterling]] until 1982, when the government of [[General Zia-ul-Haq]], changed it to a [[managed float regime]]. As a result, the rupee devalued by 38.5% between 1982/83, and many of the industries built by his predecessor suffered a huge surge in import costs. After years of appreciation under [[Zulfikar Ali Bhutto]] and despite huge increases in foreign aid, the rupee depreciated.