Advertisement
Categories: BusinessNews

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

Advertisement

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.

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.

Advertisement
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.

Recent Posts

AKU’s Dr Zulfiqar Bhutta Honoured Globally

In a proud moment for Pakistan and the global healthcare community, Dr Zulfiqar Ahmed Bhutta,…

19 hours ago

OGRA Reduces LNG Prices for December

The Oil and Gas Regulatory Authority (OGRA) has announced a reduction in liquefied natural gas…

19 hours ago

Trudeau’s Government on Brink of Collapse as NDP Pledges No-Confidence Motion

Canadian Prime Minister Justin Trudeau is on the verge of losing power after New Democratic…

19 hours ago

CCP slaps Rs 170 million on Unilever’s products for deceptive marketing

The Competition Commission of Pakistan (CCP) has imposed penalties of Rs 75 million each on…

19 hours ago

KW&SC claims Rs 30 mln from BRT contractor for water main damage

The restoration of the 84-inch diameter main water line, which had been damaged during the…

2 days ago

Mercury Remains Low: Karachi’s Cold Wave Set to Last Another 10 Days

The cold wave gripping Karachi is set to continue for another 10 days, according to…

2 days ago