Tuesday, May 28, 2024

State Bank of Pakistan to Introduce New Currency Notes with Advanced Security Features

Governor Jameel Ahmed of the State Bank of Pakistan (SBP) unveiled a significant decision on Monday, declaring the introduction of new currency notes across all denominations. This move aims to bolster security features and curb the circulation of counterfeit currency within the country.

During an informal exchange with journalists, Governor Jameel Ahmed unexpectedly disclosed plans to roll out fresh currency notes across Pakistan. This initiative, targeted at addressing the issue of black money, underscores the SBP's commitment to revamping the existing currency system.

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Read also: Dollar Gains Ground Against Pakistani Rupee - January 29, 2024 USD PKR Rate

Governor Jameel Ahmed stressed that the upcoming currency notes would integrate advanced international security measures to thwart counterfeiting attempts. Furthermore, a design competition scheduled for February will determine the visual aesthetics of the forthcoming currency.

Anticipated to feature vibrant hues, unique serial numbers, intricate patterns, and enhanced security features, these new notes aim to ensure the authenticity of Pakistan's currency.

Governor Jameel Ahmed reassured the public against any abrupt disruptions, clarifying that the transition process would not replicate sudden currency change.

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Zayn
Zayn
Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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