SBP to issue new currency notes

MG News | January 29, 2024 at 08:57 PM GMT+05:00

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January 29, 2024 (MLN): To combat counterfeit currency proliferation, the State Bank of Pakistan (SBP) has decided to issue new currency notes featuring advanced security features, Mr Jameel Ahmed Governor SBP informed on Monday.

Unlike previous practices, these notes will be printed under International Security Futures, ensuring enhanced protection against forgery, he said while having a talk with journalists on the sidelines of the press conference right after the MPC meeting.

The forthcoming notes will boast distinctive colours, serial numbers, and designs, coupled with cutting-edge security features.

The design framework for these notes is already underway and is anticipated to be finalized by March.

This decision has been taken because of the complaints of fake notes across the country, he added.

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