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| Issuer | State Bank of Pakistan |
|---|---|
| Year | 1972 |
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| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Cotton paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | FOR HAJ PILGRIMS FROM PAKISTAN FOR USE IN SAUDI ARABIA ONLY اسٹیٹ بینک آف پاکستان گورنر اسٹیٹ بینک آف پاکستان স্টেট ব্যাংক অব পাকিস্তান এক শত টাকা |
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| Reverse lettering | STATE BANK OF PAKISTAN ONE HUNDRED RUPEES 100 |
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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.