Pakistan is reviewing the future of the Rs10 banknote as part of broader currency changes aimed at modernizing the nation’s cash system. The federal cabinet has tasked a high-level committee, led by the finance minister, to investigate whether the note should be phased out entirely.
Sources indicate the committee is examining the high production costs of the Rs10 banknote and assessing whether replacing it with a coin could be more cost-effective. The decision will consider both financial sustainability and practicality, ensuring Pakistan’s currency remains efficient and modern.
Once the committee completes its review, recommendations will be presented to the cabinet. This decision could mark the end of an iconic banknote that has been in circulation for decades. Citizens and businesses are keeping a close eye on developments as the government finalizes its plan.
In addition to the Rs10 review, Pakistan is introducing a new series of banknotes as part of ongoing currency changes. The new notes will feature advanced security measures to combat counterfeiting and reflect Pakistan’s heritage, culture, and progress.
Denominations of 100, 500, 1000, and 5000 rupees will include designs highlighting landmarks, women’s achievements, and pressing societal issues like climate change. The rollout of these notes demonstrates Pakistan’s commitment to innovation and strengthening its financial system.
Experts believe these currency changes will not only improve the durability and security of banknotes but also promote a sense of national pride. The government aims to make cash transactions safer and more convenient for the public, while gradually moving toward a more modern financial infrastructure.
In other news read more about: PTA Ends SIM Blocking for Overseas Pakistanis
As Pakistan moves forward with these initiatives, the fate of the Rs10 banknote will be a key symbol of the nation’s evolving approach to money and fiscal management.
