The State Bank of Pakistan (SBP) clarified that the decision to introduce new currency notes was not influenced by the International Monetary Fund (IMF).
In a statement, the SBP emphasized that the move was an independent decision and not made at the request of the IMF.
The SBP explained that the decision to introduce new currency notes is a routine measure taken to improve the security features and overall quality of the currency in circulation. The central bank emphasized its commitment to ensuring the integrity and reliability of the currency used in daily transactions.
Moreover, the SBP highlighted that the process of introducing new currency notes involves careful consideration and planning. The central bank assured the public that it aims to facilitate smooth transactions and maintain the trust and confidence of the people in the national currency.
In addition, the SBP mentioned that the decision-making process involves a thorough analysis of various factors, including advancements in technology to enhance security features, the overall condition of existing currency notes, and the need for improved durability.
The central bank reiterated its dedication to the economic stability of the country and emphasized that decisions related to the currency are made in the best interest of the public and the economy. The SBP encouraged the public to stay informed through official channels and reassured them that the introduction of new currency notes is a standard practice aimed at enhancing the currency’s quality and security.