SBP rejects reports of Rs10 banknote discontinuation as baseless
- Says it has submitted a proposal for the introduction of a new banknote series
The State Bank of Pakistan denied social media reports about discontinuing the Rs10 banknote, stating no decision has been made regarding replacing any denomination.
- Rejection of Rs10 banknote discontinuation.
- Proposal for a new banknote series.
- Official communication on currency changes.
The State Bank of Pakistan (SBP) on Thursday categorically rejected reports circulating on social media about the discontinuation of the Rs10 banknote and a purported last date for its exchange, calling the reports baseless and without substance.
In a press release, the SBP said it has submitted a proposal for the introduction of a new banknote series, which is currently under consideration by the Federal Cabinet. The matter remains under deliberation, and no decision has been taken regarding the replacement or discontinuation of any denomination, it said.
The central bank said any such decision, if taken, will be formally communicated to the public through official channels, and adequate time will be given for the exchange of discontinued banknotes, if any.
The SBP advised the public to rely only on official communications issued by the bank.