Rs75 commemorative banknote issued by SBP on Independence Day

Rs75 commemorative banknote issued by SBP on Independence Day

The State Bank of Pakistan (SBP) launched the design of a commemorative Rs75 currency note on Sunday to honour the country’s 75th Independence Day. This is the second time SBP has issued a commemorative note, the first one was issued on the golden Jubilee celebrations. The banknote was signed by former SBP governor Dr Raza Baqir and will be issued to the public from September 30.

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The Rs75 Commemorative Banknote was unveiled by Dr. Murtaza Syed, Acting Governor State Bank of Pakistan (SBP) to mark the 75 years of Pakistan’s Independence in a graceful ceremony held at the SBP Museum, Karachi on August 14, 2022.Governor Dr. Murtaza Syed initiated the formal proceedings by hoisting the national flag in the presence of exuberant officers of the Bank and their families followed by playing of national anthem. Dr. Murtaza Syed noticed that the days of national importance are mostly marked by issuance of coins and postage stamps which is a regular and repeating attribute, but it is uncommon that the SBP issues a commemorative banknote. “Finance Department of the SBP bent over backwards for timely completion of this important project and I appreciate their efforts,” Dr Syed said speaking at the occasion.

The Banknote is predominantly green, representing growth and development and acquire motivation from the Islamic identity of the country which is further complemented by white shades emphasizing the religious diversity of population and some yellowish tone to enrich its appeal.

For the Front of the Banknote, the State Bank of Pakistan selected multiple portraits of various significant personalities, who were instrumental in in clarifying, molding and supporting the battle for freedom. The personalities to grace the banknote are Quaid-e-Azam Muhammad Ali Jinnah, Sir Syed Ahmed Khan, Allama Muhammad Iqbal, Mohtarma Fatima Jinnah who were selected to represent the principal architects in the struggle for independence.

The illustration on the back side of the banknote is done by Ms. Sara Khan, a young and upcoming artist from Pakistan. The narrative involves images of national animal and tree, Markhor and Deodar, which highlights the importance urgent measure to be taken to save Pakistan from environmental changes and degradation of Pakistan’s unique Fauna and Flora. The design provided by Ms. Sara Khan was selected by the State Bank of Pakistan as inspirational outline as climate change ha badly affected Pakistan. As such protection of bio-diversity and forest cover are of vital importance, the inclusion of Markhor and Deodar Tree, the two of which are public symbols representing the responsibility towards battling environmental change.

The Colour Scheme, Portraits, Vignettes along with were developed by the internal Banknote committee at the State Bank of Pakistan and integrated into a final banknote design by the banknote designers at De La Rue, United Kingdom. The design was then approved by the Federal Government on the recommendations of the SBP Board, in accordance with the requirements of the SBP Act 1956.

“Finance Department of the SBP bent over backwards for timely completion of this important project and I appreciate their efforts”, said Dr. Syed.