![]() The federal government has therefore decided to demonetise old design banknotes of Rs10, 50, 1. The new series of banknotes was issued from 2005 to 2008 and the old design banknotes have been slowly phased out from circulation. Projects that Pakistan’s economy will grow by 3.4 per cent in the current fiscal year and at 4pc in 2022-23. The issuance of new series and demonetisation of the old design banknotes helps central banks in checking to counterfeit and ensuring the integrity of banknotes in circulation. Karachi: The State Bank of Pakistan (SBP) has issued a commemorative bank note of Rs75 on the occasion of the 75th Independence Day of Pakistan. 500 Rupees : 2008: gradenko: 50 Rupees : 2010: gradenko: Pakistan 1 Rupee 2005 : 2005: Akdeveli: 5 Rupees : 2008: gradenko: 20 Rupees State Bank of Pakistan : 2010: Emaniuz: 5 Rupees State Bank of Pakistan. Obverse Description Year Collection Pakistan Banknote 1 Rupee 1974 (gray-blue). Further, the approval for demonetisation of banknotes is granted by Federal Cabinet on the recommendations of the SBP Board in terms of section 25(2) of SBP Act, 1956,” it mentioned. Show only banknotes available for sale or trade. Like other central banks, SBP issues new series of banknotes from time to time and demonetises the earlier series with the approval of the federal government. “SBP collects soiled and unfit banknotes from the market and replaces them with fresh banknotes. The central bank clarified that state bank is the sole issuer of banknotes in the country ensuring an adequate supply of good quality banknotes across the country is among its key strategic goals. “These banknotes are exchangeable from SBP BSC Offices located at Karachi, Lahore, Peshawar, Quetta, Islamabad, Rawalpindi, Faisalabad, Multan, Gujranwala, Hyderabad, Sialkot, Sukkur, Bahawalpur, Muzaffarabad and D I Khan,” the statement read. The issuance of the said commemorative note comes after 25 years as the first note of such kind was issued to mark the fifty years of independence of the country, in 1997. ![]() 2 notes were produced in Great Britain by Bradbury Wilkinson and Company.The central bank mentioned that the old currency notes are exchangeable from the offices of the SBP Banking Services Corporations. This banknote is legal tender under section 25 of the SBP Act, 1956, and can be used as medium of exchange for all transactions across Pakistan. The State Bank of Pakistan unveiled a 75-rupee commemorative bank note in honor of the nation’s 75th anniversary of independence on Aug. 5, 10 and 100-rupee notes was produced by Thomas De La Rue and Company in Great Britain, while the Re. Obverse Description Year Collection State Bank of Pakistan - 10 rupees : 2009: Tommy: Pakistan 50 Rupees 2008 : 2008: Akdeveli: Pakistan N.D. Like all other Pakistani Rupee banknotes it features the portrait of Muhammad Ali Jinnah, founder of Pakistan. The brown-coloured Rs5000 banknote is Pakistan’s highest value paper money note. The inscribed notes of the Reserve Bank of India, which were printed at the Government of India’s Security Printing Press at Nasik. Show only banknotes available for sale or trade. The State Bank of Pakistan started issuing these 5000 Pakistani Rupee banknotes in 2006. Until 1952 the notes produced for Pakistan had come from a variety of sources. On the front of the notes were panels at the bottom with the Urdu words for ‘Government of Pakistan’ repeated in small text. The denomination was repeated in Urdu at the bottom centre and in western numerals at the bottom right. ![]() To the right, on the front of each note, was a crescent and star in an oval, while to the left the denomination of each note was written in Urdu numerals in a similar oval. The 5-rupee note was deep blue, the 10-rupee in red, and the 100-rupee note was in rich green colour. The initial set of bank notes, in the denominations of 5, 10 and 100 rupees, was prepared by Thomas De La Rue & Company of Great Britain.
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