Federal cabinet approves new banknote designs and Rs10 coin
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What happened
Pakistan's federal cabinet approved redesigned currency notes and a Rs10 coin to replace the current Rs10 banknote after a briefing on security features and material upgrades.
Why it matters
Cabinet approval clears a formal hurdle for printing, minting and circulation planning. It also sets up near-term operational decisions on production volumes, public communication, ATM and vending-machine calibration, and withdrawal timing for old stock.
Pakistan's federal cabinet approved the designs of new currency notes and a new Rs10 coin on November 5 after receiving a briefing on upgraded security features and materials. The decision starts the next operational phase for the State Bank of Pakistan, Pakistan Security Printing Corporation and Pakistan Mint on production, issuance sequencing and withdrawal planning for the existing Rs10 note. The move is a concrete currency-management action rather than a policy proposal, with implications for anti-counterfeiting controls, procurement and cash logistics.
Watch for
State Bank of Pakistan circular on issuance sequence, legal-tender status, or exchange arrangements by 2026-11-08 Pakistan Security Printing Corporation procurement or production notice for new note series by 2026-11-08 Pakistan Mint notification on specifications or minting schedule for the new Rs10 coin by 2026-11-08 No SBP banking-industry guidance on ATM, cash-handling, or machine recalibration requirements by 2026-11-08
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