The State Bank of Pakistan (SBP) is preparing to launch a new series of currency notes with a redesigned layout, which will begin rolling out in 2025. Governor Jameel Ahmed made this announcement during a press conference in Karachi on Monday. He shared important details regarding the phased introduction of these new notes, aimed at ensuring a smooth transition.
New Currency Notes Coming in Phases: SBP Governor’s Announcement
Governor Jameel Ahmed Reveals Gradual Introduction of New Notes
First Redesigned Note Expected in 2025
Phased Rollout of New Pakistani Currency Notes
Redesigned Notes to Be Introduced Gradually
The new currency notes will not be released all at once. Instead, SBP plans to introduce different denominations in phases. This approach will help manage the transition and allow the new notes to circulate smoothly among businesses and consumers.
Denomination | Introduction Timeline |
---|---|
5, 10, 20 PKR | Early 2025 |
50, 100, 500 PKR | Mid 2025 |
1000, 5000 PKR | Late 2025 |
The table above highlights a possible timeline for the release of redesigned currency notes.
Initial Denominations to Be Revealed Later
While the exact denominations for the first release have not been specified, the phased introduction will give the public time to familiarize themselves with the redesigned notes gradually.
Technical Evaluation of the Redesigned Notes
SBP Ensures High Security Features for New Notes
Governor Ahmed confirmed that SBP is conducting a thorough technical evaluation of the redesigned notes. This evaluation ensures that the new notes include high-end security features to prevent counterfeiting and safeguard the integrity of Pakistan’s currency.
Key Features Being Evaluated:
- Anti-counterfeit technology (watermarks, microprinting, etc.)
- Enhanced durability and material quality
- Ease of identification for people with disabilities
Federal Cabinet Approval for New Currency Designs
SBP Plans to Seek Official Approval for New Designs
Before moving forward with printing the new notes, the designs will be presented to the federal cabinet for approval. SBP aims to finalize the design process in the coming months so they can proceed with the next stages of production.
Printing and Distribution to Begin After Approval
Once the federal cabinet officially approves the new currency designs, the SBP will begin printing and distributing the redesigned notes in phases. This gradual introduction will help avoid any sudden disruption to the national economy.
Ensuring a Smooth Transition with Gradual Introduction
Phased Release Strategy for Minimal Disruption
The phased approach will ensure that the new notes are integrated smoothly into everyday transactions. Governor Ahmed emphasized that by releasing the notes step by step, SBP can better monitor the rollout process and address any challenges that may arise.
This strategy will allow businesses, individuals, and financial institutions to adjust without facing confusion or major disruptions.
Conclusion: What to Expect in 2025
In 2025, Pakistan will begin transitioning to a new series of redesigned currency notes. This initiative is part of the State Bank’s broader efforts to modernize the country’s currency and incorporate enhanced security features to protect against counterfeiting. With the technical evaluation ongoing and the designs awaiting federal approval, the SBP is working to ensure a smooth and seamless rollout.