A blog about the Pakistan Currency from 1947 to existing series (Coins and Bank Notes).
Sunday, December 31, 2023
Saturday, December 30, 2023
Friday, December 29, 2023
Thursday, December 28, 2023
Tuesday, December 26, 2023
Monday, December 25, 2023
Sunday, December 24, 2023
Saturday, December 23, 2023
Friday, December 22, 2023
Thursday, December 21, 2023
Wednesday, December 20, 2023
Monday, December 18, 2023
Saturday, December 16, 2023
Friday, December 15, 2023
Monday, December 11, 2023
Sunday, December 10, 2023
Wednesday, December 06, 2023
Tuesday, December 05, 2023
Monday, December 04, 2023
Tuesday, September 12, 2023
Pakistan's first cancelled specimen Banknotes
Prior to the formation of the State Bank of Pakistan, government officials had realized the necessity for an emergency issue of notes to cover the anticipated shortfall of notes available for circulation. Therefore, they commenced the preparation of an emergency issue shortly after the agreements between India and Pakistan had been suspended. Once the State Bank had been established, the responsibility for introducing the emergency issue fell to that authority.
The emergency issue of banknotes, in the denominations of Rs. 5/-, 10/-, and 100/-, was prepared by Thomas De La Rue & Company of Great Britain. These banknotes were issued on October 1st, 1948.
It is said that the first copies of these banknotes were presented to Quaid-i-Azam. All the banknotes have the serial number 000001 and perforation on the front side (CANCELLED). Also, the second copies of these banknotes with the serial number 000002 were presented to Liaquat Ali Khan, the Prime Minister of Pakistan.
An album containing the set of cancelled specimen banknotes with a serial number 000002 fetched Indian Rs. 1,840,000/- (around Pakistan Rs. 3,734,000/-) at an auction in 2018 in India.