The currency used in Gilgit is the Pakistani Rupee (PKR).
Gilgit is a major city located in Gilgit-Baltistan, an administrative territory of Pakistan. As such, it uses the official currency of the country.
Understanding the Currency in Pakistan
According to official information, the Pakistani rupee (ISO code: PKR) serves as the official currency throughout the Islamic Republic of Pakistan. This includes regions like Gilgit-Baltistan.
Key facts about the Pakistani Rupee:
- Official Name: Pakistani Rupee
- ISO 4217 Code: PKR
- Issuing Authority: The issuance and control of the currency are managed by the State Bank of Pakistan.
- Adoption: The Pakistani Rupee was officially adopted by the Government of Pakistan in 1949.
Currency Notes and Coins
The Pakistani Rupee is available in various denominations of banknotes and coins. Common banknotes include Rs. 10, 20, 50, 100, 500, 1000, and 5000. Coins are also in circulation for smaller values.
Practical Considerations for Visitors
If you are planning to visit Gilgit, you will need to use Pakistani Rupees for transactions. It is advisable to:
- Carry smaller denominations for daily expenses.
- Check the current exchange rates if converting foreign currency.
- Be aware of the local exchange facilities available in Gilgit.
Here is a quick summary table:
| Currency Name | ISO Code | Country | Issuing Body | Year Adopted |
|---|---|---|---|---|
| Pakistani Rupee | PKR | Pakistan | State Bank of Pakistan | 1949 |
Understanding the local currency is essential for smooth travel and transactions in Gilgit.
