The State Bank of Pakistan (SBP) is set to roll out a new series of currency notes across all denominations next year, featuring advanced security measures. According to SBP Governor Jameel Ahmad, the designs are expected to be finalized by December, with gradual introduction planned thereafter.
A notable innovation in this redesign is the introduction of a polymer note, aimed at testing its durability and security in Pakistan’s climatic conditions. This initiative was revealed during a Senate standing committee meeting earlier this week.
The old currency notes will be phased out over the next five years, although the SBP has clarified that there are no plans to demonetize any existing notes. This move is part of the central bank’s periodic update cycle, typically occurring every 15 to 20 years, to ensure the currency’s integrity and to incorporate the latest advancements in design and security technology.
