SBP rejects reports of new designs for currency notes

Published November 9, 2021
A shopkeeper counts money at his shop in Islamabad. — AFP/File
A shopkeeper counts money at his shop in Islamabad. — AFP/File

The State Bank of Pakistan (SBP) on Monday rejected reports circulating on social media that currency notes were being redesigned, saying no such proposal was under consideration.

"Some fake news regarding new designs of currency notes is circulating on social media. SBP categorically denies the news and clarifies that no such proposal is under consideration at the moment," the central bank said in a tweet.

It also shared a picture of the designs that were doing the rounds with the word "fake" written in bold over them.

The State Bank had last redesigned a currency note more than a decade ago. The new Rs500 bill — which was smaller in size — was introduced on January 25, 2010.

Prior to that, the new Rs1,000 note was introduced in February 2007, the new Rs5,000 note in May 2006 and the new Rs100 note in November of the same year.

The new Rs50 note was introduced in July 2008, Rs20 in March 2008, and Rs10 in May 2006.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Trump 2.0
Updated 07 Nov, 2024

Trump 2.0

It remains to be seen how his promises to bring ‘peace’ to Middle East reconcile with his blatantly pro-Israel bias.
Fait accompli
07 Nov, 2024

Fait accompli

A SLEW of secretively conceived and hastily enacted legislation has achieved its intended result: the powers of the...
IPP contracts
07 Nov, 2024

IPP contracts

THE government expects the ongoing ‘negotiations’ with power producers aimed at revising the terms of sovereign...
Rushed legislation
Updated 06 Nov, 2024

Rushed legislation

For all its stress on "supremacy of parliament", the ruling coalition has wasted no opportunity to reiterate where its allegiances truly lie.
Jail reform policy
06 Nov, 2024

Jail reform policy

THE state is making a fresh attempt to improve conditions in Pakistan’s penitentiaries by developing a national...
BISP overhaul
06 Nov, 2024

BISP overhaul

IT has emerged that the spouses of over 28,500 Sindh government employees have been illicitly benefiting from BISP....