The State Bank of Pakistan will unveil new currency notes by December, as announced by Governor Jameel Ahmed on Wednesday. Speaking to the Senate Standing Committee on Finance, chaired by Senator Salim Mandviwala, Ahmed detailed the plans for the redesigned notes, which will feature improved security measures.
The new notes will showcase prominent figures: the 50 Rupee note will feature Liaquat Ali Khan, the 100 Rupee note will display Allama Iqbal, the 500 Rupee note will have Fatima Jinnah’s portrait, and the 1000 Rupee note will include Quaid-e-Azam’s image.
The committee also discussed the future possibility of digital and plastic currency. While the immediate focus is on the new paper notes, there are plans to trial plastic currency, which may become a permanent option if successful.
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This proposal has led to a debate, with Senator Shahzeb Durrani expressing concerns about the environmental impact of plastic, given global efforts to reduce plastic use. The introduction of the new notes will proceed following formal approval.
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