Governor Jameel Ahmed of the State Bank of Pakistan revealed a significant decision on Monday to introduce new currency notes across all denominations.
This initiative aims to enhance security features and combat the circulation of counterfeit currency within the country.
During an informal conversation with journalists, Governor Jameel Ahmed revealed detailed plans to introduce new and innovative currency notes across all denominations in Pakistan. This initiative, motivated by the mission to combat illegal funds, emphasizes the State Bank of Pakistan’s dedication to transforming the existing currency system.
Governor Jameel Ahmed emphasized that the upcoming currency notes will include cutting-edge international security features, serving as a robust defense against counterfeit activities. To add a creative touch to this financial transformation, a design competition scheduled for February will play a pivotal role in shaping the visual identity of the forthcoming currency.
Expected to be visually impressive, the envisioned currency notes will feature vibrant colors, unique serial numbers, intricate designs, and a variety of enhanced security measures. This comprehensive approach not only guarantees a secure financial environment but also assures a visually appealing representation of Pakistan’s currency.
Addressing concerns about potential disruptions, Governor Jameel Ahmed provided assurance that the shift to new currency notes would be a meticulously planned and gradual process. This approach aims to avoid the sudden and drastic changes experienced during India’s currency transition. The decision to embark on this transformative journey is motivated by mounting concerns about the widespread circulation of counterfeit notes, showcasing the central bank’s unwavering commitment to preserving the integrity of Pakistan’s monetary system.
As the country looks forward to this significant change in currency, the upcoming notes are expected to not only showcase improved security but also embody a blend of artistic expression.