State Bank of Pakistan Approves New Currency Note Designs 2026 (Latest Update)

The State Bank of Pakistan (SBP) has officially approved new currency note designs for Pakistan in 2026. This announcement has answered many public questions about note replacement, security features, and the future of high-value currency notes.

According to SBP officials, the design phase has been completed and approved by the State Bank Board. The designs have now been forwarded to the Ministry of Finance for final approval. This step confirms that Pakistan is moving forward with currency modernization, but changes will be introduced gradually.

The central bank has also clarified that existing currency notes will remain valid during the transition period.

Point	Details
Authority	State Bank of Pakistan
Year	2026
Status	Designs Approved
Approval Body	SBP Board
Next Step	Federal Government Clearance
Rs. 5,000 Note	Will Continue
Purpose	Security & Modernization
Official Website	sbp.org.pk

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State Bank of Pakistan Finalizes New Currency Designs

The State Bank of Pakistan has confirmed that the design work for new currency notes is complete. Governor Jameel Ahmad stated that all proposed designs were reviewed and approved by the SBP Board.

Key points from SBP’s confirmation include:

Design phase is fully completed
Approval granted by SBP Board
Designs sent to Ministry of Finance
No internal disagreement on final designs

This announcement ends months of speculation regarding delays and disagreements. SBP emphasized that the process is moving forward in an organized and transparent manner.

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When Will New Currency Notes Be Issued in Pakistan

Although the new currency designs are approved, the notes will not be issued immediately. SBP clarified that design approval does not mean instant circulation.

Steps before launch include:

Review by the federal government
Formal approval by relevant authorities
Printing planning and scheduling
Gradual circulation strategy

This phased approach helps:

Avoid public confusion
Maintain economic stability
Prevent panic or speculation
Ensure smooth replacement

Until official notification, all existing currency notes will remain legal and usable.

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Rs. 5,000 Note Will Not Be Discontinued

One of the biggest public concerns was whether the Rs. 5,000 note would be discontinued. SBP has clearly rejected this rumor.

Governor Jameel Ahmad confirmed:

There is no proposal to ban the Rs. 5,000 note
High-denomination notes will remain in circulation
Businesses can continue using existing notes

Why this clarification is important:

Prevents cash hoarding
Reduces market uncertainty
Restores public confidence
Protects daily business transactions

This statement has provided relief to traders, businesses, and citizens who rely on large cash transactions.

Why Pakistan Is Redesigning Currency Notes

Currency redesign is not only about appearance. It plays a major role in economic management and public trust.

Main reasons for new currency designs:

Enhanced security features
Reduction in counterfeit notes
Improved durability of currency
Updated national symbols

Expected security improvements include:

Advanced watermarks
Security threads
Color-shifting ink
Raised printing for accessibility

These features will make fake notes harder to produce and easier for the public to identify.

Currency Reform and Economic Confidence

SBP officials explained that currency reform is linked to public trust and economic stability. A secure and modern currency system supports better financial discipline.

Benefits of currency reform:

Stronger trust in cash transactions
Better control over counterfeiting
Improved international image
Support for long-term stability

SBP emphasized that currency changes will be gradual and transparent. Public awareness campaigns will be launched before new notes enter circulation.

For official updates, visit:
https://www.sbp.org.pk

Conclusion

The approval of new currency note designs by the State Bank of Pakistan in 2026 marks an important step toward modernization. While the designs are finalized, the notes will only be issued after federal government approval. The Rs. 5,000 note will continue, and existing currency remains valid. SBP’s careful and phased approach ensures stability, security, and public confidence during this transition.