The State Bank of Pakistan (SBP) has clarified that the Rs 5,000 currency note is not being discontinued, putting an end to speculation circulating among the public.
During a meeting of the Senate Standing Committee on Finance, SBP Governor Jameel Ahmad stated that while currency notes are being redesigned, the denomination itself will remain in circulation.
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According to the governor, all currency notes are planned to be upgraded with:
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New colors
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Enhanced security features
The SBP board has already approved the proposal for redesigning notes. However, final approval from the federal government is still pending.
Why the Change Is Being Made
Officials say the redesign aims to improve security and prevent counterfeiting, rather than remove any specific denomination from use.
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The SBP governor also requested that detailed discussions regarding currency redesign be held in-camera, likely due to security-related aspects.
Public Reassurance
The clarification is expected to ease concerns among citizens who feared the high-value note might be withdrawn.
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