Catalog
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| Issuer | State Bank of Pakistan |
|---|---|
| Year | 1972 |
| Type | Standard circulation banknote |
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| Obverse description | Portrait of Muhammad Ali Jinnah, founder of Pakistan, occupies the left field within a guilloche border frame. The centre of the note carries the bilingual overprint legend in English designating the note for Haj pilgrims, flanked by multilingual inscriptions in Urdu, Bengali, and Arabic. The denomination numeral '100' appears in the upper corners against a pale green and lilac underprint, with the serial number printed twice across the upper portion. |
|---|---|
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| Protection type | Watermark |
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| Comments |
Pakistan's Haj notes were a parallel currency issued exclusively for Muslim pilgrims traveling to Saudi Arabia for the annual pilgrimage. The State Bank issued them in place of regular foreign exchange, which Pakistani citizens were otherwise prevented from taking out of the country under strict capital controls. Pilgrims received these notes instead of convertible currency — they could be spent in Saudi Arabia but were worthless outside that specific transaction context, an effective way to manage foreign reserve outflows tied to religious travel.
The 1972 date places this issue in the immediate aftermath of the 1971 war and Bangladesh's secession, a period of acute economic strain under Zulfikar Ali Bhutto's government.