The plan for New Currency Notes Pakistan has officially moved into its final stage. According to the State Bank of Pakistan (SBP), redesigned banknotes are now awaiting federal cabinet approval before printing begins.
This confirmation came directly from SBP Governor Jameel Ahmad during a recent monetary policy briefing, ending months of speculation about when Pakistan would introduce modern currency notes with improved security features.
For the public, this means change is coming — but in a controlled and gradual way.
Why Pakistan Is Introducing New Currency Notes
A Move Toward Modern Financial Standards
The decision to introduce New Currency Notes Pakistan is not sudden. SBP has been working on this project for several years to bring Pakistan’s cash system in line with international standards.
Key reasons behind the redesign include:
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Rising risks of counterfeit currency
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Outdated security features on existing notes
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Need for durable and long-lasting banknotes
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Improved accessibility for all users
With cash still playing a major role in daily transactions, SBP wants to ensure that Pakistan’s currency remains secure and trustworthy.
Latest SBP Confirmation: What We Know So Far
Printing Will Begin After Cabinet Approval
According to the SBP Governor, the redesigned notes are already finalized and submitted to the federal government. The only remaining step is formal cabinet approval.
Once approval is granted:
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Printing will start immediately
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Two to three denominations will be printed together
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Notes will not enter circulation all at once
This phased approach is designed to prevent cash shortages and market disruption.
Which Denominations Are Likely to Be Introduced First?
SBP has not officially announced which notes will be printed first. However, experts believe that mid-range denominations will be prioritized.
Currently, Pakistan has the following notes in circulation:
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Rs 10
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Rs 20
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Rs 50
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Rs 75
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Rs 100
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Rs 500
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Rs 1,000
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Rs 5,000
Most daily transactions involve Rs 100, Rs 500, and Rs 1,000 notes, making them strong candidates for early release.
How the Phased Currency Replacement Will Work
No Sudden Change, No Panic
SBP has clearly stated that New Currency Notes Pakistan will be introduced gradually. Old and new notes will circulate together for a long period.
This strategy ensures:
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Smooth replacement of older notes
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No panic withdrawals from banks
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Public confidence in the cash system
Pakistan has followed this method in previous currency updates, and there is no indication of sudden demonetization this time.
Role of International Experts in Currency Design
The Prime Minister’s Office earlier confirmed that international currency design experts were involved in the process.
What This Means for Pakistan
The redesigned notes are expected to include:
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Advanced anti-counterfeit technology
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Clearer security features for easy verification
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Better durability and print quality
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Improved usability for visually impaired individuals
These changes will make Pakistani banknotes more secure and globally compliant.
Will Old Currency Notes Become Invalid?
No Immediate Ban on Existing Notes
One of the biggest public concerns is whether old notes will lose value overnight. SBP has not announced any demonetization.
What is expected instead:
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Old notes remain legal tender
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Gradual withdrawal over time
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Public notices issued well in advance
This approach protects the public and avoids unnecessary confusion.
Economic Impact of New Currency Notes Pakistan
Short-Term Impact
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Minimal disruption
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Increased public interest
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Banking system readiness
Long-Term Benefits
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Reduced fake currency circulation
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Stronger trust in cash transactions
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Improved financial stability
Over time, the move strengthens Pakistan’s overall monetary system.
What Happens Next?
After cabinet approval, SBP is expected to:
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Announce printing timelines
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Confirm initial denominations
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Share security feature details
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Begin phased circulation
For now, there is no action required from the public.
Final Thoughts
The confirmation from SBP makes it clear that New Currency Notes Pakistan are no longer just a proposal. With printing ready to begin after cabinet approval, Pakistan is moving toward a more secure and modern currency system.
The gradual rollout shows careful planning rather than a rushed decision — a positive sign for financial stability.
FAQs – New Currency Notes Pakistan
1. When will printing start?
After federal cabinet approval.
2. Will old notes become invalid?
No. Old and new notes will circulate together.
3. How many denominations will be printed first?
Two to three denominations initially.
4. Why is Pakistan redesigning currency notes?
To improve security and meet modern standards.
5. Will this affect daily transactions?
No immediate impact is expected.
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