Banknote in Pakistan amid economic crisis? The decree to announce new currency notes, the reason is shocking


Islamabad, dt. 30 January 2024, Tuesday

Pakistan New Currency Notes: Amid the economic crisis, the Central Bank of Pakistan has announced the launch of new currency notes equipped with advanced security technology to tackle the currency shortage and the menace of counterfeit notes. State Bank of Pakistan Governor Jamil Ahmed said that the new notes will be equipped with advanced international level security technologies. Special security numbers and designs will be used to modernize the Pakistani currency.

Governor of State Bank of Pakistan informed

Ahmed said that this change will be done gradually so that there is no problem at the public level in Pakistan as has been seen in some other countries in the past. However, some financial experts expressed surprise and questioned whether the Rs. 5,000 or more notes can also be demonetised?

Fake currency is being used on a large scale in Pakistan

Pakistan's cash-strapped economy is heavily influenced by illicit use of black money, which is facilitated by the circulation of high-value notes, according to Pakistani financial experts.

Sohail Farooq of Capital Investments said, "This is the right step to ensure the integrity of Pakistan's financial system but whether it will include demonetisation... remains to be seen." Another banker said the central bank should ensure that the public and businesses do not face any inconvenience while announcing the new currency.

Pakistan has been facing economic crisis for a long time

Pakistan has been facing severe economic crisis for a long time and due to its impact people are facing great hardship. People are facing big economic problem.

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