Editing Pakistani rupee (section)

==History==
[[File:Bhawalpur Silver Coin 1.jpg|thumb|right|upright=1.15|Rupee coin, struck in silver, used in the [[state of Bahawalpur]] before 1947.]]
[[File:Bahawalpur Coin Gold.jpg|thumb|right|upright=1.15|Rupee coin, struck in gold, used in the [[state of Bahawalpur]] before 1947.]]
[[File:RBI 5-rupee note, overprinted Government of Pakistan, 1947.jpg|thumb|right|upright=1.15|Indian rupees were stamped with Government of Pakistan to be used as legal tender in the new state of Pakistan in 1947.]]
{{Main|History of the rupee}}

The word ''rūpiya'' is derived from the [[Sanskrit]] word ''rūpya'', which means "wrought silver, a coin of silver",<ref name="etymonline1">{{cite web | date=20 September 2008 | url=http://www.etymonline.com/index.php?search=rupee&searchmode=none | title=Etymology of rupee | access-date=25 July 2013 | url-status=live | archive-url=https://web.archive.org/web/20131110165256/http://www.etymonline.com/index.php?search=rupee&searchmode=none | archive-date=10 November 2013 | df=dmy-all }}</ref> in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is derived from the noun  ''[[rūpa]]'' "shape, likeness, image". ''Rūpaya'' was used to denote the coin introduced by [[Sher Shah Suri]] during his reign from 1540 to 1545 [[Common Era|CE]].

The Pakistan (Monetary System and Reserve Bank) Order, 1947 was issued on 14 August 1947, by the Governor General of pre-partition [[British Raj|British India]], following the advice of an expert committee.<ref name="auto">{{Cite web|url=http://www.pjsymes.com.au/articles/Pakistan-47-72.htm|title=The Banknotes of Pakistan 1947-1972|website=www.pjsymes.com.au}}</ref> It designated the [[Reserve Bank of India]] (RBI) as the temporary monetary authority for both India and Pakistan until 30 September 1948.<ref name="auto"/> During this transitional period, currency notes issued by the RBI and the Government of India were to remain legal tender in Pakistan.<ref name="auto"/> The order also allowed these notes to bear inscriptions of Government of Pakistan in Urdu and English, to be circulated from 1 April 1948.<ref name="auto"/> Like the [[Indian rupee]], it was originally divided into 16 ''annas'', each of 4 ''pice'' or 12 ''pie''.

For the first seven months following partition, currency issued by the RBI and the Government of India continued to circulate in Pakistan.<ref name="auto"/> Modified RBI notes in denominations of 2, 5, 10, and 100 rupees, and 1-rupee notes from the Government of India were later introduced.<ref name="auto"/> The modifications involved inscribing [[Government of Pakistan]] in English and "Hakumat-e-Pakistan" in Urdu on the front of the notes.<ref name="auto"/>

An early 1948 agreement between the governments of India and Pakistan resulted in an amendment to the Pakistan (Monetary System and Reserve Bank) Order, 1947, moving up the deadline for the RBI's role as Pakistan's monetary authority from 30 September 1948, to 30 June 1948.<ref name="auto"/> Concurrently, the arrangement for the RBI to supply inscribed Indian notes to Pakistan was terminated on 30 June 1948.<ref name="auto"/>

In January 1961, the currency was decimalised, with the rupee subdivided into 100 pice, renamed (in English) [[paise]] (singular [[paisa]]) later the same year. However, coins denominated in paise have not been issued since 1994.

In 1972, the newly independent [[Bangladesh]] introduced the  [[Bangladeshi taka|taka]] originally at parity with the Pakistani rupee. Afterwards, the Pakistani rupee ceased to be legal tender in Bangladesh.