SBP rejects reports of Rs10 banknote discontinuation as baseless

Business Recorder reported that the State Bank of Pakistan has dismissed social media claims about the Rs10 banknote as baseless. In a press release issued on Thursday, the central bank rejected assertions that the note is being discontinued and that a final exchange date has been set. It said such reports lack any foundation.

According to the central bank, it has forwarded a proposal for a new banknote series, which the Federal Cabinet is still considering. No decision has yet been taken on replacing or withdrawing any denomination, and the matter remains under discussion. The SBP added that any decision would be announced formally through official channels, with adequate time allowed for exchanging discontinued notes.

The bank urged the public to rely solely on its official communications rather than unverified online posts.