State Bank awaits cabinet approval for printing new currency notes

KARACHI (Dunya News) – The State Bank is awaiting government approval for the final design for the printing of new currency notes.

According to the Security Printing Corporation, the new currency will be produced with modern security features, but the designs have not yet been finalized. Printing the new currency is expected to take at least two months, although the modern machinery required is already in place.

Senior Printing Manager Amir Shams said that discussions have taken place between the State Bank and the Security Printing Corporation regarding the printing of the new currency.

The designs may be released gradually or all at once, and this matter is still under consideration at the State Bank. The bank may provide a timeline for the printing of the new currency later this year, he added.

The bank sources stated that the order for printing the new designs will only be issued after cabinet approval. The shortlisted designs have already been sent to the government, and the issuance of the new currency could be possible by year’s end once the cabinet gives its approval.