Web desk: State Bank of Pakistan Governor Jameel Ahmed strongly rejected social media rumours claiming the Rs5000 banknote would be demonetised. He called these claims false and deliberately misleading. His statement came during a meeting of the Senate Standing Committee on Finance and Revenue at Parliament House. Public concerns about currency policy had sparked widespread speculation in recent days.
Senator Saleem Mandviwalla presided over the session. Federal Minister for Finance and Revenue Muhammad Aurangzeb attended, along with senior officials from the Federal Board of Revenue. Governor Ahmed addressed the misinformation directly. Social media posts had created confusion among citizens and businesses about the validity of the highest denomination note.
The governor explained that the State Bank is updating the designs of all banknotes, from Rs10 to Rs5000. The redesigns include stronger security features to combat counterfeiting. Counterfeiting has remained a challenge for Pakistan’s paper currency in recent years.
He informed the senators that the new designs have already received approval from the State Bank’s Board of Directors. The proposals are now with the federal government for the next stage of consideration. This process follows standard procedure for any major changes in currency design or security.
Governor Ahmed assured the public that the Rs5000 note remains valid. He stressed that the State Bank will continue efforts to maintain currency security and prevent misinformation. Citizens can trust that Pakistan’s currency remains safe and reliable.
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