SBP to issue Rs50 Edhi commemorative coin from March 31

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APP
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SBP to issue Rs50 Edhi commemorative coin from March 31

KARACHI: The State Bank of Pakistan (SBP) would issue Rs50 commemorative coin to honour the services of late philanthropist Abdul Sattar Edhi from March 31, 2017, it said in a statement on Tuesday.

The SBP said that keeping in view the meritorious services rendered by Abdul Sattar Edhi for humanity in general and Pakistanis in particular, the federal government had decided to issue a commemorative coin in memory of late philanthropist in a cabinet meeting held on Friday, July 15, 2016.

Subsequently, the SBP was authorised to issue Rs50 commemorative coin.

These coins will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from March 31, 2017, read the statement.

The metal composition, shape, dimension and design of the coin are as under:

Metal composition: Cupro-Nickel, Copper 75% and Nickel 25%

Dimension: 30.0 mm Weight: 13.5 grams

Obverse: The waxing crescent moon and five pointed star facing North West inrising position is in the center.

The periphery on the top of the crescent star is inscribed in the wording 'Islami Jamhoria Pakistan' in Urdu script.

Below the crescent and at the top of two springs of wheat with arms curved upward, there is the year of death of Abdul Sattar Edhi.

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 crescent star respectively.