SBP issues Rs50 commemorative coin

The State Bank of Pakistan on Friday issued a Rs50 commemorative coin marking the golden jubilee of Senate, the Upper House of Pakistan's Parliament.

The year 2023 marks the golden jubilee of the Senate and, in this regard, the federal government has authorised the central bank to issue a Rs50 commemorative coin, the SBP said a statement.

The Senate of Pakistan is the upper legislative chamber of the bicameral parliament having equal representatives from all provinces of Pakistan and it is constitutionally a permanent House.

The coin is being issued through exchange counters of all the field offices of SBP Banking Services Corporation from March 17, 2023. The coin is in a round shape milled with a dimension of 30.0 mm, weighing 13.5 grams comprising 75% copper and 25% nickel.

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On the obverse face of the coin, the waxing crescent moon and five-pointed northwest-facing star are in the centre while along the periphery, on top of crescent star, the words ‘Islami Jamhuria Pakistan’ are inscribed in Urdu script.

Below the crescent and on the top of two springs of wheat with arms curved upward, there is the year of issuance. The face value of the coin in numeral ‘50’ in bold letters and ‘Rupia’ in Urdu script are written on the right and left sides of the star respectively.

On the reverse side and in the center of the coin, the insignia of the Senate of Pakistan is shown with artistic numeral wording of 50 on the right hand side.

Along with the periphery on the top of the insignia is inscribed with wording ‘Pakistan Senate Golden Jubilee’ in Urdu script. The duration of the golden jubilee (1973-2023) is written below the insignia.