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Plastic currency: Pakistan, which is facing economic crisis, has taken a big decision regarding its currency. This decision is similar to India's demonetization. But, the decision to change the notes will be implemented in a completely different way. It has been announced now so that people are aware of it. State Bank of Pakistan Governor Jamil Ahmed has said that all the paper notes running in the country will be replaced with polymer plastic notes by December. This will end the problem of fake notes.
New plastic notes will have a new design, security features will also increase
Jamil Ahmed told a Senate committee that the new plastic notes will be redesigned. Along with this, new security features and holograms will be added to it. He said that new notes will be issued from Rs 10 to Rs 50, 100, 500, 1000 and 5000. Sources in the Senate committee have revealed that the old notes will not be removed immediately. They will be allowed to run for 5 years. After this, they will be gradually taken out of the market.
Australia first issued such notes in 1998
The Governor of the State Bank of Pakistan said that the Central Bank is experimenting on a new polymer plastic bank note. This note will be given to the public for use. If the response is positive, all the notes will be made of plastic. At present, polymer plastic bank notes are being used in 40 countries. It is said that counterfeiting these notes is a very difficult task. Australia first issued such notes in 1998.
5000 rupee note will continue to be in circulation despite corruption allegations
Apart from this, Jameel Ahmed clarified that 5000 rupee notes will continue to be used in Pakistan. The Central Bank has not made any plans to stop it. Voices were being raised against this big note in Pakistan. Senate member Mohammad Aziz had said that corruption becomes easy with such a big note. But, the Governor of the State Bank said that right now we need 5000 rupee notes.