New Currency Notes Update by State Bank of Pakistan. The State Bank of Pakistan has shared an important update about newly designed currency notes. This information was given during a press conference after the latest monetary policy announcement. The central bank explained that the design work is almost complete. Printing will begin once the federal cabinet gives final approval. This approval is required before any new notes can be printed or released.
Printing to Begin After Cabinet Approval
SBP Governor Jameel Ahmad said the process is at an advanced stage. He confirmed that two to three different currency denominations will be printed at the same time. This shows that the State Bank is fully prepared and only waiting for formal approval. However, he did not mention which currency notes will be printed first.
Gradual Introduction of New Currency Notes
The Governor also explained that the new currency notes will not enter the market suddenly. First, the State Bank will print enough notes to build a minimum stock. After that, the new notes will be introduced slowly. Old notes will be replaced in phases so people do not face any problems. During this period, both old and new notes will remain valid and usable.
Current Currency Notes in Circulation
At present, Pakistan has several currency notes in use. These include Rs 10, Rs 20, Rs 50, Rs 75, Rs 100, Rs 500, Rs 1,000, and Rs 5,000. The State Bank has not yet confirmed which of these denominations will be redesigned and released first. More details will be shared after cabinet approval.
Government Review and Cabinet Committee
The Governor confirmed that the new currency note designs have already been sent to the government. After review, they were placed before the federal cabinet. Earlier, the Prime Minister’s Office stated that a special cabinet committee has been formed to examine the redesign proposal in detail before giving final approval.
Modern Design With International Standards
According to official statements, the redesign of Pakistan’s currency notes is being done according to modern requirements. International experts are also involved in the process. The purpose of this redesign is to improve security features, reduce fake currency, and strengthen the financial system. The State Bank has assured the public that the transition will be smooth, slow, and well managed, and there is no need to worry.
Conclusion
State Bank of Pakistan is fully prepared to introduce newly designed currency notes. The process is in its final stage and awaits cabinet approval. Once approved, printing will begin, and new notes will enter circulation gradually, ensuring a smooth and secure transition for the public.
