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Pakistan: no plans to issue Rs10,000

The State Bank of Pakistan has brushed aside all speculations that the central bank is considering to issue a new banknote of 10 000 Rupees or bigger denomination.

 

“The SBP has no plans whatsoever for issuance of any higher denomination banknote as seven denominations of existing banknotes are adequately meeting the business/transactional needs of the economy,” the central bank said in its statement.