Islamabad () The State Bank of Pakistan has denied the news regarding the release of series of plastic notes. In a statement released by the Public Relations Officer of the Central Bank, it has been said that reports are circulating on various news portals about the issuance of polymer i.e. plastic bank notes, Bank Doulat Pakistan terming these reports as baseless and unrealistic. Strongly rejects.
He said that while there is currently no plan or proposal under consideration to switch bank notes from paper to polymer, the State Bank uses cotton-based paper produced by Security Papers Limited, mainly local raw material. Produced locally using
It should be noted that yesterday in various media reports, it was said that in view of the increasing incidents of fake currency, the Central Bank has planned to introduce plastic notes and in this regard, the delegation of the International Financial Institution will be briefed.
It is being told that the industrialists welcomed the decision of the State Bank to introduce new currency notes and demanded that the new notes be made of plastic and said that plastic notes are already in use in most countries of the world. The initiative will get rid of fake notes because they cannot be duplicated, in this regard, the senior vice president of the Federal Chamber of Commerce and Industry Saqib Fayaz Magu said that with the introduction of new notes, people will be cheated and cheated due to fake notes. Can avoid damage. In this regard, economic expert Dr. Akbar Zaidi says that the five thousand note should not expire, plastic currency is being used around the world instead of paper so that fake notes cannot be produced.
