Central bank to issue Rs50 International Anti-Corruption Day commemorative coin

KARACHI: The State Bank of Pakistan (SBP) to issue Rs50 commemorative coin of International Anti-Corruption Day on December 10.

The federal government has authorised the central bank for issuing the coin, which would be available at the exchange counters of all the field offices of SBP Banking Services Corporation from Monday.

“Corruption is a complex social, political and economic phenomenon that affects all countries. Corruption undermines democratic institutions, slows economic development and contributes to political instability.

This should be noted that on October 31, 2003, the General Assembly adopted the United Nation Convention against corruption. The assembly also designated December 9 as International Anti-Corruption Day to raise public awareness for anti-corruption. The convention entered into force in December 2005.

The metal composition, shape, dimension and design of Rs50 commemorative coin to be issued by the SBP are as under:

Metal composition: cupro-nickel, copper 75% & nickel 25%

Dimension: 30.0 mm

Weight: 13.5 grams

OBVERSE: The waxing crescent moon and five-pointed star facing North West in rising position is in the center. The periphery on the top of the crescent star is inscribed in the wording ‘ISLAMI JAMHORIA PAKISTAN’ in Urdu script.

Below the crescent and at the top of two springs of wheat with arms curved upward, there is the year of issuance 2018. The face value of the coin in numeral ’50’ in bold letters and RUPIA in Urdu script are written on the right and left sides of the crescent star respectively.

REVERSE: On the reverse side of the coin wordings of International Anti-Corruption Day in English script along with periphery 9th December at the bottom of the coin and ‘Hamara Emaan, Corruption Free Pakistan’ in Urdu script in the center of the coin are inscribed.