SBP to issue Rs50 commemorative coin to mark Constitution’s Golden Jubilee on Friday

The State Bank of Pakistan (SBP) will issue a Rs50 commemorative coin to mark 50 years of the promulgation of the Constitution, the central bank said in a statement on Thursday.

The Constitution, which was passed by the National Assembly on April 10, 1973 is "the supreme law of Pakistan, intended to guide Pakistan's law, political culture and system", the statement noted.

"It sets out the state's outline, and serves to enshrine and protect the fundamental rights of the population, guaranteeing security to each and every citizen of Pakistan."

According to the SBP’s statement, 2023 marks the Constitution's Golden Jubilee and to celebrate the occasion, the federal government had authorised it to issue a commemorative coin of Rs50.

The coin will be issued through the exchange counters at all field offices of SBP Banking Services Corporation from April 14 (tomorrow).

Sharing the details about the design, the central bank said the coin will be round and is made of two metals — 75% copper and 25% nickel. It will weigh 13.5 grams and has a dimension of 30mm.

The coin's front side will feature a crescent moon and a five-pointed star facing the northwest in a rising position. An inscription, "Islami Jamhooriya Pakistan" in Urdu script will be present above the star while two sprigs of wheat with their ends turned upwards and the year of issue — 2023 — will be at the coin's bottom. Besides this, the face value of the coin — 50 — and the word "rupiya" in Urdu script are also inscribed on the coin.

Meanwhile, the coin's reverse side will feature a book titled "The Constitution of the Islamic Republic of Pakistan" in the centre, with the words "golden jubilee of constitution of Pakistan" in Urdu script written on the periphery. The 50-year period will be mentioned below the book while "50" and "years" will be written in Urdu on the right and left sides, respectively.