The History of Rs.100 Banknote.
Fiat money or paper notes have rich history and great journey through the centuries. It was 1694 when The bank of England issues first ever paper note of fiat currency. Actually the British empire was running out of sources in war and they got solution to borrow the metallic assets like Gold & silver from people. So they gave the paper currency on promise that they will pay back to bearer when ever he demand. In 1695 first ever paper note reached in the hands of common user.
The evolution of Pakistan's 100 rupees banknote has lovely history.This is not just about money , it is about culture, history, and a bit of art. The journey begins in 1978, when the first 100 rupees note was issued by the State Bank of Pakistan.
This note was a simple design, primarily green, featuring the portrait of Muhammad Ali Jinnah, the founder of Pakistan. The back of the note showcased the iconic Badshahi Mosque in Lahore, a testament to Pakistan’s rich cultural heritage.
It was the time of financial stability in the country so the value of that 100 rupees was USD $10 Which gone to $0.36 now. There are several reasons behind which is not the topic of the day.
In 1980s we see the first major change. The design remained largely the same, but the note was made more secure with the introduction of a watermark of Jinnah's image. This was a crucial step in preventing counterfeiting, which was becoming a significant issue. It was the era when fake note scams were on peak and government got continues complaints.
By the mid-1990s, technology had advanced, and so did the 100 rupees note. The new version included a metallic security thread, ultraviolet-visible features, and a more detailed depiction of Jinnah. The colors were also more vibrant, making the note not just a means of transaction, but a piece of art.
Here too the most famous scam in financial history of Pakistan rise when culprits got that thread technology as well and started again fraudulent activities.
In 2006, there was another redesign, this time with a focus on modernity and enhanced security. The size of the note was slightly reduced, and new anti-counterfeiting measures were introduced, including micro-lettering and a see-through window. The back now featured the Quaid-e-Azam Residency in Ziarat, adding a touch of historical significance.
The most recent change came in 2016. This version retained the core elements but added a new twist- a tactile feature for the visually impaired. It was a small yet significant step towards inclusivity. Additionally, the design incorporated a blend of traditional and modern elements, reflecting Pakistan’s journey through time.
So, how do people use the 100 rupees note today? It is a staple in everyday transactions, from buying groceries to paying for public transportation. But beyond its economic utility, the note is a piece of living history. Each version tells a story of its time, capturing the essence of an era. Over the years, the 100 rupees note has seen numerous changes in design, security features, and even the materials used. But one thing remains constant- its role as a symbol of Pakistan’s heritage and progress.
Whether you’re holding an old version or the latest one, you’re holding a piece of history in your hands. The history which has vast experience of decades, cultural revolution and patriotism of the nation.
That's all for today. Like, upvote and leave comment for feedback.
Cheers,
Amjad