SBP releases Rs50 coin to commemorate the Senate’s golden jubilee

The State Bank of Pakistan (SBP) has released a Rs50 coin to commemorate the country’s Senate’s golden jubilee since its founding in 1973 on Friday.

The federal government has given SBP permission to manufacture a commemorative coin worth Rs50 to mark this important milestone, according to a statement from SBP.

Beginning on March 17, the coin will be distributed through the exchange counters at all of SBP Financial Services Corporation’s field offices.

According to SBP, the upper legislative body of Pakistan’s bicameral parliament is known as the Senate or Aiwan-e-Bala Pakistan, or House of the Federation according to the country’s constitution. It is a permanent House with equal representation from all of Pakistan’s provinces, signifying a process of continuity in governing the country.

Round coin measures 30 mm in diameter, weighs 13.5 grams, and is made of copper and nickel (75% copper, 25% nickel) metals.

The center of the coin’s obverse has a waxing crescent moon and a five-pointed star that is oriented north-west.

Inscribed in Urdu lettering throughout the periphery and on top of a crescent star are the words “Islami Jamhuria Pakistan,” according to SBP. “The year of issuance-2023 is below crescent and on top of two springs of wheat with arms bent upward.”

The Pakistan Senate Emblem is depicted in the middle of the coin’s reverse side, with the words “Pakistan Senate Golden Jubilee” written in Urdu to the right of the number 50.

Underneath the emblem is inscribed the golden jubilee’s term (1973-2023).