Sunday, February 4, 2024

British coins that remained in circulation in Pakistan. What was the reason?

Till 1948 these coins were in circulation in Pakistan. Pakistan then minted its own coins, keeping in mind the design and parallel value of the British coins.

Today we will introduce you to some rare and rare coins which were coins of the British government but they had to be introduced in Pakistan due to a compulsion and necessity of time.

At the beginning of 1947, when Pakistan emerged as a fledgling state, Pakistan did not immediately have adequate arrangements to regulate its financial and economic system.

So, in view of the country's economic and economic needs, the government of Pakistan had to adopt the British system until it became self-sufficient.

That's why the state of Pakistan had to operate their coins in subcontinent under an agreement with Great Britain.Till 1948 these coins were in circulation in Pakistan. Then Pakistan minted its own coins, keeping in mind the design and parallel values of the British coins.

They were created from Texal (Lahorment) which was established in Lahore in 1941 during the British rule.Earlier there were only two mints in the subcontinent which were in Calcutta and Bombay.But in order to differentiate the coins minted from Lahore Mint, mint mark (L) was displayed on it.The newly minted coins of Pakistan have the currency name and (decimal value) and (currency unit) modeled on the earlier British coins and the design was formally approved by Quaid-e-Azam Muhammad Ali Jinnah as the head of state. .

The currency names and values were as follows and their images are also given below.

1 piece

1/2 anna

1 Anna

2 Anna

1/4 Rupee

1/2 Rupee

No comments:

Post a Comment

Daily Trend News Pak | International | Sports | Health

Majority of independent candidates are still waiting for their success notification

 Majority of independent candidates supported by Pakistan Tehreek-e-Insaaf are still awaiting notification of their success. According to th...