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The State Bank of Pakistan (SBP) denied rumors circulating on social media that the Rs10 banknote will be phased out by a specific deadline. The central bank stated these reports are baseless and clarified that any decision regarding discontinuing or replacing denominations would be officially communicated through official channels, ensuring adequate time for public exchange of discontinued notes. SBP emphasized that while they have submitted a proposal to introduce a new series of banknotes which is under consideration by the Federal Cabinet, no final decision has been made yet.
Written locally by qwen2.5:14b on 2026-09-18,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
The State Bank of Pakistan (SBP) issued a statement on Thursday to deny rumors circulating on social media about the planned discontinuation or phase-out of the Rs10 banknote. The central bank clarified that it has submitted a proposal for a new banknote series, which is currently under consideration by the Federal Cabinet in KARACHI. SBP emphasized that no final decision regarding the replacement or discontinuation of any denomination has been made yet. If such a decision is eventually taken, SBP assured the public that they would be formally notified through official channels and given adequate time to exchange discontinued notes. Deputy Governor Dr Inayat Hussain had previously briefed the Senate Standing Committee on Finance and Revenue about the bank's considerations regarding potential phased withdrawals.
Written for “Pakistan Currency RumorsRejected” on 2026-09-18,
grounded in this article and the 0 other(s) covering the same event.
Why this leaning score
This article does not take a side on a contested political
question, so it has no leaning score. That is an
answer rather than a gap: a match report or a rescue can be warmly
or critically written without being left or right, and scoring it
anyway is how approval of a subject gets recorded as a political
position.
No political leaning scored for article 17764 · logged 2026-09-18
The State Bank of Pakistan (SBP) on Thursday explicitly denied social media rumours claiming the Rs10 banknote is being phased out or that there is a set deadline for its discontinuation.
asserted
banknote → deny → discontinuation
The central bank said social media is trying to dispute the issue by setting a specific deadline for discontinuing the Rs10 banknote.
asserted
media → say → banknote
The SBP categorically refuted reports circulating on social media about the purported discontinuation of the Rs10 banknote and the last date for its exchange.
asserted
SBP → refute → exchange
“The reports are baseless and without substance,” said the SBP.
asserted
SBP → say → substance
“The SBP has submitted a proposal to introduce a new banknote series, which is currently under consideration by the Federal Cabinet,” it said, adding that the matter remains under deliberation and that no decision has been taken on replacing or discontinuing any denomination.
“Any such decision, if taken, will be formally communicated to the public through official channels, and adequate time will be given to the public to exchange discontinued banknotes,” the SBP said.
asserted
SBP → submit → banknotes
On Aug 25, SBP Deputy Governor Dr Inayat Hussain briefed the Senate Standing Committee on Finance and Revenue, reportedly saying the SBP is considering a phased withdrawal of the Rs10 banknote because of rising printing costs.
uncertain
SBP → brief → costs
Additionally, the SBP is developing a new design for the Rs5,000 note to strengthen anti-counterfeiting measures.
asserted
SBP → develop → measures
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