Thursday, November 15, 2007
Currency Of Pakistan
Exchange Rates:
Pakistan observes floating exchange rate system.
US$ 1 = Rs. 60.00 (August 2007)
Credit Cards:
American Express, Master Card, Visa Card are the most widely accepted card.
Travellers Cheques:
Generally accepted at most banks, 4 and 5-star hotels and major shops. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling.
Currency Notes:
Basic unit of currency is Rupee which divides into 100 Paisa. Currency notes of 5000,1000, 500, 100, 50 ,20 and 10 rupees are in use. Coins of 5 ,2 and 1 rupeese are in circulation.
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