The State Bank of Pakistan (SBP) has dismissed speculations circulating in the news regarding the issuance of polymer currency notes, affirming its commitment to traditional paper-based banknotes. Recent controversies arose concerning misprinted banknotes in Karachi, prompting the SBP to clarify that such occurrences are inherent risks in large-scale currency production. Earlier, the SBP announced plans to introduce new currency notes with enhanced security features aligned with international standards. Governor Jameel Ahmad emphasized a smooth transition, aiming to complete the process within two years. The bank assured a gradual withdrawal of existing notes once the new series enters circulation in sufficient quantities.
State Bank of Pakistan Refutes Rumors of Polymer Currency Notes, Assures Introduction of New Secure Banknotes
