SBP rejects rumours about phasing out Rs10 banknote
https://www.dawn.com/news/2030752
Karachi, Pakistan: The State Bank of Pakistan (SBP) has categorically denied recent social media rumors suggesting the phased withdrawal or outright discontinuation of the Rs10 banknote. The central bank dismissed these claims as baseless and lacking substance. A spokesperson for the SBP stated that no decision on replacing or discontinuing any banknote denomination has been made and that any such decision, should it occur, would be formally communicated to the public through official channels with ample time for exchange.
The SBP is reportedly considering a phased withdrawal of the Rs10 note due to escalating printing costs and is concurrently working on a new design for the Rs5,000 note to bolster anti-counterfeiting measures.
Written by urgent.news from Dawn Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
