Pakistan is set to redesign all currency notes, ranging from Rs 10 to Rs 5,000, as the federal government prepares to introduce a new currency note design along with a plastic polymer note, according to official sources.
Importantly, authorities have clarified that old currency notes will remain valid. No existing note will be demonetized. Instead, Pakistan will gradually issue newly designed currency notes with enhanced security features, ensuring a smooth and disruption-free transition for the public.
Will Old Currency Notes Still Be Valid?
One of the biggest concerns among citizens is whether their existing cash will stop working or will it work. Officials have confirmed that all old currency notes will continue to work during the transition period.
To manage the process effectively, the government is going to issue a clear exchange timeline to all banks. This will allow people to replace old notes with new currency notes over time, without panic or long queues.
Currently, Pakistan has around Rs 10,260 billion worth of currency notes in circulation, making a gradual replacement strategy essential.
Introduction of New Plastic Polymer Currency Note
A key highlight of the plan is the introduction of a plastic polymer currency note alongside traditional paper notes. This polymer note will be made from a special plastic material and tested for durability under local conditions.
If the polymer currency note proves to last longer than paper notes, Pakistan may expand its use in the future. Many countries already use polymer notes due to their longer lifespan and better resistance to damage.
Read more: https://www.pediastan.com/articles/state-bank-of-pakistan-digital-currency/
New Security Features and Modern Designs in Pakistan’s New Currency Notes
The redesigned currency notes will include advanced security features aimed at reducing counterfeiting and improving durability. Officials say the new designs will reflect modern standards while maintaining national identity.
These updated security elements will help strengthen public confidence and protect the value of Pakistan’s currency.
Approval and Rollout Timeline
Before the launch, the proposal will be presented to the Federal Cabinet of Pakistan for formal approval. Once approved, the government plans to roll out all redesigned currency notes within the current year.
Authorities have emphasized that daily transactions and cash circulation will not be affected during the rollout.
What This Means for the Public
All-inclusively, Pakistan’s decision to redesign all currency notes marks a major step toward modernizing its cash system. As the old currency notes are remaining valid, with improved security, and the possible introduction of polymer notes, the transition is going to be smooth, secure, and citizen friendly.
For now, Pakistanis can rest assured: your old cash will still work.