State Bank of Pakistan Refutes Rumors of Polymer Currency Notes, Assures Introduction of New Secure Banknotes


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.