SBP finalises new currency note designs, awaits cabinet's approval
Business
Confirms that a design created by an international expert has been selected
KARACHI (Dunya News – The State Bank of Pakistan (SBP) has finalised the designs for new currency notes, according to Governor Jameel Ahmed.
Speaking at a press conference in Karachi where he also announced that the interest rate would remain unchanged, the governor said the process of launching new currency notes was already underway.
He confirmed that a design created by an international expert has been selected.
“We’ve picked a new design, and once we get the go-ahead from the federal cabinet, we’ll get the ball rolling on the new notes,” Governor Jameel said.
Read also: SBP decides to roll out new currency notes of all denominations
The central bank chief added that the decision was part of ongoing efforts to modernize Pakistan’s currency and improve security features to stay ahead of counterfeiters.
“We’re working step by step, and everything is being done by the book,” he noted.
The public is likely to see the new notes roll out once the required formal approvals are in place and printing begins.
