SBP Finally Clarifies Viral Rs. 10 Note Claims

Notably, the State Bank of Pakistan (SBP) has clarified that reports circulating on social media regarding the discontinuation of the Rs.

Key points

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• In an official note issued Thursday, SBP remarked the reports are baseless and have no substance.
• The central bank remarked it has submitted a proposal for a new banknote series.
• The central bank advised the public to rely only on official communications from SBP regarding banknotes and currency-related matters.

In an official note issued Thursday, SBP remarked the reports are baseless and have no substance. SBP Bans Bank Employees From Cheap Home Loans.

For context, the central bank remarked it has submitted a proposal for a new banknote series. It is at present being considered by the Federal Cabinet. But no decision has been taken to replace or discontinue any denomination, including the Rs. 10 note.

SBP continued that if any decision is produced to discontinue a banknote, it will be officially confirmed through proper channels. The public will additionally be given sufficient time to exchange any discontinued notes.

For context, the central bank advised the public to rely only on official communications from SBP regarding banknotes and currency-related matters. Stay Connected with ProPakistani.

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Taken together, the developments around SBP Finally Clarifies Viral Rs. 10 Note Claims point to a situation that is still moving, and the coming days should bring more clarity.