Pakistani 75 Rupee Commemoration Notes

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Pakistani 75 Rupee Commemoration Notes
Rupee
ISO 4217
CodePKR (numeric:586)
Subunit 0.01
Demographics
User(s)Pakistan

The Pakistani 75 Rupee Commemoration Notes are Commemorative denominations of Pakistani Rupee issued by the State Bank of Pakistan(SBP).The Green Coloured 75 Rupee Note was released on 17th August 2022 marking the 75th Independence Anniversary of Pakistan, featuring key figures in the nation's history to commemorate their "struggles" for the country. Also featuring the national animal and Deodar Tree, it highlighted the need to fight climate change in Pakistan.

Contents

The Second Blue coloured note was released nearly a year later in July to Commemorate the 75th Anniversary of State Bank of Pakistan. It also featured wind turbines on the reverse to promote the usage of green energy and Pakistan's fight against climate change.

The notes ran in controversy regarding their status as legal tenders and omission of key figures in their design.

Pakistan's 75th independence commemoration note

The image is the obverse of 75 rupee independence commemoration notes featuring (left to right) Syed Ahmed Khan, Fatima Jinnah, Muhammad Ali Jinnah and Muhammad Iqbal. This is a late note signed by SBP governor Jameel Ahmad instead of former governor Reza Baqir. 75 Rupees Independence Commemoration Note.png
The image is the obverse of 75 rupee independence commemoration notes featuring (left to right) Syed Ahmed Khan, Fatima Jinnah, Muhammad Ali Jinnah and Muhammad Iqbal. This is a late note signed by SBP governor Jameel Ahmad instead of former governor Reza Baqir.

The 75-rupee Independence commemorative banknote was introduced by the State Bank of Pakistan on August 14, 2022, to commemorate 75 years of Pakistan's independence. [1] [2] [3] [4] [5] [6] This release marked the second commemorative banknote issued by the State Bank of Pakistan, following the golden jubilee banknote issued in 1997 to celebrate 50 years of independence. [1] [7] [8]

Design

Obverse

The note features a green and white design with tones of yellow and prominently displays portraits of Pakistan’s key historical figures: Muhammad Ali Jinnah, Fatima Jinnah, Allama Muhammad Iqbal, and Syed Ahmad Khan on the front or obverse. These images symbolize the "determination" and "sacrifices" of these "iconic" personalities in the struggle for Pakistan’s independence. [1] [5] [4] [2]

Reverse

On the back, there's a scene with Deodar (Cedrus Deodara) trees and the national animal, the Markhor. This design which is created by illustrator Sara Khan. [1] [9] [5] [4] [2]

Security features

The Rs 75 commemorative note is equipped with similar security features as with the other currency notes. These include the Urdu numeral '75' which appears complete when the note is held in the light, Pure Image security thread with pulsing holographic rainbow effect and micro-lettering of 'SBP' and '75', among others. Moreover, the portraits and numbers on the note have raised printing, allowing identification of the banknote by the visually impaired. [5] [7]

State Bank of Pakistan anniversary commemorative note

The State Bank of Pakistan's 75th anniversary note featuring Muhammad Ali Jinnah on the front along with a stylized sketch of state bank building signed by SBP governor Jameel Ahmad. SBP 75th Anniversary Comemmoration NoteNote.png
The State Bank of Pakistan's 75th anniversary note featuring Muhammad Ali Jinnah on the front along with a stylized sketch of state bank building signed by SBP governor Jameel Ahmad.

On July 4, 2023, State Bank of Pakistan Governor Jameel Ahmad introduced another commemorative Rs.75 banknote to celebrate the central bank's 75th anniversary. [10] [11] [12]

Design

Obverse

The predominantly blue banknote, chosen to convey the stability of a central bank, features a stylized sketch of the state bank building by Syed Sadequain Ahmed Naqvi. This sketch appears alongside the traditional portrait of Quaid-e-Azam on the front. [10]

Reverse

The back of the banknote reflects the state bank's commitment to "banking on equality," featuring a portrait of Fatima Jinnah. It also underscores Pakistan's dedication to combating climate change, showcasing sustainable energy sources like wind turbines and solar panels. [10]

Controversies

During Eid al-Fitr, shopkeepers across Pakistan refused to accept the 75-rupee notes, sparking rumors of their potential demonetization. In response, State Bank of Pakistan spokesperson Abid Qamar addressed the issue in a video posted on the central bank’s official Twitter account. He reassured the public that the 75-rupee commemorative note remains fully valid for transactions and clarified that all currency is issued under Section 25 of the State Bank of Pakistan Act, with no expiration date for the note. Qamar also dismissed claims that the government had withdrawn or discontinued the banknote. [13] [14] [15] [16] [17]

Omissions of key figures

The commemorative note, issued in 2022 for Pakistan’s 75th independence anniversary, features portraits of Muhammad Ali Jinnah, Fatima Jinnah, Muhammad Iqbal, and Syed Ahmad Khan. This selection generated some debate, with critics noting the omission of figures such as Pakistan’s first Prime Minister, Liaquat Ali Khan, and Zulfiqar Ali Bhutto, which they viewed as significant. [10]

Supply

The State Bank of Pakistan's finance director, Qadar Baksh, explained that the Rs. 75 banknote, a legal tender, will not impact the overall money supply. Of the 4.3 billion notes being circulated in 2023, only 65 million will be the Rs. 75 denomination, making it a limited, one-time release. [10]

See also

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References

  1. 1 2 3 4 "SBP unveils commemorative Rs75 banknote to mark Pakistan's diamond jubilee". The News International. Archived from the original on 2023-05-20. Retrieved 2023-05-20.
  2. 1 2 3 "Commemorative Banknotes". State Bank of Pakistan.
  3. ↑ "SBP unveils design of Rs75 banknote on 75th anniversary of country's independence". The Nation. 2022-08-14. Retrieved 2024-12-13.
  4. 1 2 3 "Pakistan 75 Rupees – New Commemorative Banknote". Banknote World. 2022-10-15. Retrieved 2024-12-13.
  5. 1 2 3 4 "State Bank of Pakistan Officially Unveils Rs. 75 Commemorative Note - Economy.pk". 2022-08-14. Retrieved 2024-12-13.
  6. ↑ Reporter, The Newspaper's Staff (2022-08-15). "Rs75 commemorative banknote marks nation's pledge to tackle climate change". DAWN.COM. Retrieved 2024-12-23.
  7. 1 2 "State Bank Officially Unveils Rs. 75 Commemorative Note". Propakistani. 14 August 2022.
  8. ↑ "SBP reveals Rs75 commemorative banknote". Express Tribune. 14 August 2022.
  9. ↑ Reporter, The Newspaper's Staff (August 15, 2022). "Rs75 commemorative banknote marks nation's pledge to tackle climate change". dawn.com. Archived from the original on May 20, 2023. Retrieved May 20, 2023.
  10. 1 2 3 4 5 Alam, Kazim (2023-07-05). "New note marks 75 years of SBP's founding". dawn.com. Retrieved 2024-11-09.
  11. ↑ State Bank of Pakistan (2023-07-04). Rs.75 Banknote to mark 75 years of SBP's founding . Retrieved 2024-12-13– via YouTube.
  12. ↑ Mudassar, Usama (2023-10-19). "State Bank of Pakistan Issues Commemorative 75 Rupees Notes in Celebration of the Country's Independence - Read.pk" . Retrieved 2024-12-13.
  13. ↑ "The Rs. 75 Bank Note is Still Fully Legal: State Bank". Propakistani. 29 April 2023.
  14. ↑ "Rs75 note like other currency notes is acceptable: SBP". 2023-04-28. Retrieved 2024-11-08.
  15. ↑ "'Rs75 commemorative banknote has no expiry date,' clarifies SBP". www.thenews.com.pk. Retrieved 2024-12-13.
  16. ↑ Shahnawaz, Faisal (2023-04-28). "State Bank clarifies Rs75 banknote is not being withdrawn". Pkrevenue.com. Retrieved 2024-12-13.
  17. ↑ Siddiqui, Salman (2023-10-22). "The Rs75 banknote controversy". The Express Tribune. Retrieved 2024-12-23.
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