SBP mulls ending Rs10 note on rising costs

ISLAMABAD: The State Bank of Pakistan (SBP) is considering phasing out the Rs10 banknote due to rising printing costs, while a new design for the Rs5,000 note is being prepared to curb counterfeiting. The disclosure came from Deputy Governor Dr Inayat Hussain, who briefed the Senate Standing Committee on Finance and Revenue. He said the redesigned Rs5,000 note would help reduce the circulation of counterfeit currency. The committee meeting, chaired by Senator Saleem Mandviwalla, also discusse...

By [email protected] (Mubarak Zeb Khan)