Reports regarding the discontinuation of the 10-rupee note declared baseless
Published 43 minutes ago | By Nouman Shakeel
The State Bank of Pakistan has issued a clarification regarding news circulating on social media about the discontinuation of the 10-rupee banknote and a deadline for its exchange. The central bank has termed all such reports baseless and contrary to the facts.
According to the State Bank spokesperson, no deadline has been set for discontinuing or exchanging the 10-rupee note. Categorically denying the reports circulating on social media, the spokesperson urged the public not to place any credence in them.
Proposal for New Currency Notes Under Consideration
The spokesperson stated that the State Bank has proposed introducing a new series of banknotes; however, this proposal is currently under consideration by the Federal Cabinet.
No final decision has been reached on this matter yet, and no decision regarding the discontinuation or replacement of existing currency notes of any denomination has been announced.
| Issue | Current Status |
|---|---|
| Rs. 10 Banknote | No Decision to Discontinue |
| Exchange Deadline | No Deadline Announced |
| New Banknote Series | Proposal Under Consideration |
| Final Decision | Not Yet Made |
Adequate Time to be Provided in Case of Discontinuation
The State Bank clarified that if a decision is made to discontinue any banknote in the future, the public will be given adequate time to exchange it.
The spokesperson advised the public to rely solely on official State Bank of Pakistan sources for any information regarding the discontinuation or replacement of currency notes.
