Pakistan's most widely circulated banknotes will be discontinued and redesigned

Описание: #rupee #pakistancurrency #pkr #pakistanrupee
(27.8.26) www.richpakistan.com

The federal government has decided to phase out the Rs10 currency note, while the State Bank of Pakistan (SBP) is working on new banknote designs featuring enhanced security features, officials told a Senate committee on Tuesday.

The development came during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, where SBP officials briefed members on the production and design of new currency notes.

The officials said the Rs5,000 note had been designed 20 years ago and was now being redesigned for the next 20 years. They added that a proposal was also under consideration to discontinue the Rs10 note because its production cost was relatively high.

According to the officials, it costs around Rs14 to produce each Rs5,000 and Rs1,000 banknote. They said the new notes would incorporate additional security features as part of the redesign process.