SBP rejects reports of Rs10 banknote discontinuation

MG News | September 17, 2026 at 09:04 PM GMT+05:00

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September 17, 2026 (MLN): The State Bank of Pakistan (SBP) has categorically refuted reports circulating on social media regarding the purported discontinuation of the Rs10 banknote and the last date for its exchange.

The central bank termed the reports baseless and said they have no substance.

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.

Any such decision, if taken, will be formally communicated to the public through official channels, with adequate time provided for the exchange of discontinued banknotes, if any.

The public has been advised to rely only on official communications issued by SBP.

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