No Move to issue Rs10,000 or any other higher denomination banknote

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No Move to issue Rs10,000 or any other higher denomination banknote

 

Karachi, August 18, 2015 (PPI-OT): SBP categorically denies the news item reported in a section of press and electronic/social media regarding its plans to issue new banknote of Rs. 10,000/-The SBP has no plans whatsoever for issuance of any higher denomination banknote as seven denominations of existing banknotes are adequately meeting the business/transactional needs of the economy.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +92-21-39212562
Fax: +92-21-39212563
Email: syed.wasimuddin@sbp.org.pk