New Rupee Designs Finally Approved
The federal cabinet has approved the designs for Pakistan’s new currency notes under denominations of Rs. 50, Rs. 100, Rs. … Read More The post New Rupee Designs Finally Approved appeared first on ProPakistani .
Pakistan's federal cabinet has recently given the green light to new designs for the country's currency notes, sources have revealed. The approved denominations include Rs. 50, Rs. 100, Rs. 500, Rs. 1,000, and Rs. 5,000, with a decision also made to discontinue the Rs. 10 banknote. This marks a significant step towards the introduction of the redesigned currency notes across Pakistan.
However, the old notes will not be immediately phased out; rather, the State Bank of Pakistan (SBP) will determine the precise timeline for this transition. The SBP has already approved the new designs earlier in the year, but the federal cabinet required changes before giving the final approval. The process of introducing the new notes and withdrawing the old designs will be carried out in phases.
The SBP is tasked with announcing the implementation timeline and specifics of the withdrawal process. This development was initially reported on ProPakistani.
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