Governor of the State Bank Gives Major Update on Availability of Newly-Designed Currency Notes
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The State Bank of Pakistan (SBP) said on Monday that it will begin printing newly designed currency notes of two to three different denominations once the federal cabinet approves the final designs.
Speaking at a press conference after announcing the latest monetary policy, SBP Governor Jameel Ahmad said the process was at an advanced stage, and printing would begin soon after formal approval.
“The process of printing new-design banknotes is at an advanced stage. We will soon start printing, subject to cabinet approval. Two to three currency notes of different denominations will be printed simultaneously,” Jameel said while responding to a question.
Ahmad said the new-design notes would enter circulation gradually once the SBP builds the minimum required stock to replace the existing notes in a phased manner.
“The new-design notes will come into circulation as soon as the central bank achieves the minimum stock to replace the notes currently in circulation,” he said.
However, the governor did not disclose which denominations would be introduced first. Currently, currency notes in circulation include Rs. 10, Rs. 20, Rs. 50, Rs. 75, Rs. 100, Rs. 500, Rs. 1,000, and Rs. 5,000.
He added that the redesigned notes have already been sent to the government for approval and were later forwarded to the cabinet.
“We have sent the new designs to the government for approval, and the government has placed them before the cabinet,” the Governor said.
Earlier this month, the Prime Minister’s Office said the federal cabinet, chaired by Prime Minister Shehbaz Sharif, reviewed proposals for redesigning Pakistan’s currency notes and formed a cabinet committee to examine the matter in detail. The cabinet was informed that the redesign is being carried out in line with modern requirements and with the help of international experts.
Reference Link:- https://propakistani.pk/2026/01/27/governor-state-bank-gives-major-update-on-availability-of-newly-designed-currency-notes/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
