SBP rejects rumors of introducing new design of currency notes

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KARACHI – The State Bank of Pakistan (SBP) Tuesday rubbished reports about changing currency notes design saying there was no plan under consideration in this regard.

“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,” said the central bank in a tweet.

It also shared a picture of the designs that were being shared by social media users with the words “fake” written in bold over it.

The social media users were claiming that the central bank was going to introduce ‘plastic currency notes”.

SBP had last introduced new design of a currency note more than a decade ago. It had launched the new Rs500 note in January 2010.

Prior to that, the new design of Rs1,000 currency note was introduced in February 2007, while the new Rs5,000 note in May 2006.

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