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2 Rupees

Issuer State Bank of Pakistan
Year 1985-1999
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In circulation to 1 January 2002
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Obverse description Purple note with a large crescent moon and star vignette to the right, a central guilloche underprint with floral rosette motifs, and Urdu inscriptions arranged in horizontal registers across the face. The denomination numeral '2' appears in each lower corner and is repeated at upper left and right within the decorative border. A serial number panel occupies the upper left area within an ornate cartouche framed by fine line engraved borders.
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Protection type Watermark
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Comments

Pakistan's 2 Rupee denomination has a peculiar administrative history: by the mid-1980s the note was largely redundant in everyday commerce, inflation having eroded its practical utility to near nothing, yet the State Bank continued issuing it through the late 1990s — a bureaucratic inertia not uncommon in South Asian central banking of the period. The P#37 series spans fourteen years across multiple signature varieties, reflecting successive Finance Secretary and Governor pairings that allow reasonably precise dating of individual specimens.

Watermark-only security on this late-issue low denomination was already obsolete by regional standards when the series began.

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