SBP considering abolishing Rs10 currency note, says official
- The State Bank of Pakistan has recommended discontinuing the Rs10 banknote and retaining the denomination only in coin form due to rising production costs, with the change to occur when new currency notes are introduced.
- The new currency notes with enhanced security features are expected to be introduced around November to December 2026, after design changes are finalized and approved by the federal cabinet.
- Concerns were raised regarding the tendering and appointment processes for designing new currency notes to prevent counterfeit currency from circulating, prompting calls for transparency.
- The State Bank of Pakistan has been working for about two years on redesigning currency notes to modernize them and strengthen security features to significantly reduce counterfeit production.
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SBP considering abolishing Rs10 currency note, says official
Existing currency series began printing in 2005: SBPOfficial says cabinet made major design changes.New notes to enter market after changes finalised: SBPState Bank of Pakistan Deputy Governor Dr Inayat Hussain on Friday told the...
Pakistan Considers Ending Rs. 10 Currency Note
The State Bank of Pakistan (SBP) is considering discontinuing the Rs. 10 currency note due to the increasing cost of producing and maintaining low-denomination paper currency. SBP Deputy Governor Dr Inayat Hussain informed the Senate Standing Committee on Finance that the central bank had already made two previous attempts to phase out the Rs. 10 note. The denomination could eventually be withdrawn once Pakistan introduces a new series of curren…
SBP Plans to Replace Rs10 Note With Coin - THE DESTINATION
ISLAMABAD: (Finance Reporter) – The State Bank of Pakistan (SBP) has announced plans to replace the Rs10 banknote with a Rs10 coin as part of the issuance of a new series of currency notes. The development was disclosed during a meeting of the Senate Standing Committee on Finance, where SBP Deputy Governor Dr Inayat Hussain […] The post SBP Plans to Replace Rs10 Note With Coin appeared first on THE DESTINATION.
Rs10 banknote to be replaced by coin as SBP plans new currency series
The State Bank of Pakistan (SBP) has sought approval to discontinue the Rs10 currency note and replace it with a coin, a Senate committee was informed on Tuesday. State Bank Deputy Governor Dr Inayat Hussain briefed the Senate Standing Committee on Finance on plans concerning the issuance of new currency notes. He said the SBP had requested that the Rs10 note be discontinued. The denomination would no longer be printed when the new banknotes are…
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