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2 Rupees

Issuer State Bank of Pakistan
Year 1949-1953
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Currency Rupee (1948-1960)
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Obverse description The right portion of the note bears a vignette of the minaret of Emperor Jahangir's tomb in Lahore, rendered in intaglio against a guilloche underprint. The central field is occupied by Urdu inscriptions in multiple registers, flanked by ornate floral arabesque borders. Numeral 2 appears in the upper-left and lower-left corners, with additional value numerals at upper right.
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Protection description Crescent moon with star watermark
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Comments

Pakistan's first domestic currency series, issued after partition, leaned heavily on London-based security printers — Bradbury Wilkinson handled much of the early State Bank output before local printing capacity existed. These 2 Rupee notes circulated during a period when the Pakistani rupee was still pegged at par with the Indian rupee, a legacy arrangement that caused persistent cross-border arbitrage problems until India devalued in 1949 and Pakistan declined to follow, effectively ending the monetary union between the two countries.

The P#11 series is prone to horizontal fold weaknesses along the center crease, a known issue with the paper stock used across this early Bradbury Wilkinson run for Pakistan.

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