Pakistan directed to redesign its new family of notes
Jan 10, 2007 06:12 PM Category: South Asia
On 10 January 2007, the subcommittee of the National Assembly’s Public Accounts Committee directed the State Bank of Pakistan (SBP) to change the colors and designs of the new family of banknotes, especially the Rs20 and Rs5,000 denominations.
“The identical colours, designs, and sizes [sic] of new currency notes, especially those of Rs20 and Rs5,000 denominations, are very deceptive and are creating problems for the people. The SBP should consider changing the colours and designs of these notes,” said Riaz Fatiana, chairman of the subcommittee.
SBP’s roll out of the new family of notes began in August 2005 with the Rs20 and is expected to be completed in 2007 with the introduction of the Rs50 and Rs1,000. The new family of notes all feature the portrait of Quaid-e-Azam in Sherwani on the front, with different structures on the back. All of the notes are 65 mm tall, but their length graduates by 8 mm per denomination, from 115 mm for the Rs10 up to 163 mm for the Rs5,000.