what is the currency of pakistan

The currency of Pakistan is the Pakistani Rupee (PKR) . The Pakistani rupee is made up of 100 paise and is represented locally by the symbol Rp or Rs. When Pakistan became independent from Britain in 1947, the Pakistani rupee replaced the Indian rupee. The rupee was decimalized in 1961, replacing the 16 annas that the rupee was originally divided into with 100 paise. The Pakistani rupee has denominations of 1, 5, and 10 coins, while banknotes consist of 10, 20, 50, 100, 500, and 1000. The Pakistani rupee does not have any strong correlations with other currencies, financials, or commodities due to the fragility and volatility of its economy. As of November 9, 2023, 1 Pakistani Rupee is equal to 0.003485 US dollars.