Pakistan denies plans to introduce 10,000-rupee note
Aug 21, 2015 02:51 PM Category: South Asia
According to a press release dated 18 August 2015, the State Bank of Pakistan "categorically denies the news item reported in a section of press and electronic/social media regarding its plans to issue new banknote of Rs. 10,000/- 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." At present the largest denomination remains the 5,000-rupee notes (B239), worth approximately US$49.