Pakistan has introduced a new design for its currency to make it more secure. Just like Canada’s money looks so good that some people don’t believe it’s real, Pakistan’s new money always gets attention. The Rs.20/- note in color became very popular, and the Rs.75/- notes are now collector’s items. Now, the State Bank of Pakistan, led by Governor Jameel Ahmed, is changing all types of money. They want to make the money more secure and stop fake money from spreading in Pakistan. This is an important step in tackling the problem of ‘black money’ in the country.
Exploring Art for New Banknotes: A Creative Initiative
In the beginning stages of creating a new set of banknotes, the SBP is hosting an Art Competition. This competition invites local artists, designers, and art students to submit innovative designs by March 11, 2024. The top three designs for the current seven denominations will receive recognition and cash prizes.
After the Art Competition, chosen design ideas and themes will be passed on to professional banknote designers through a competitive selection process. They will develop the final printable designs for each denomination. These final designs will then go through the approval process by the Federal Government.
Launching a new banknote series involves several steps and stages, demanding careful planning and coordination among many involved parties. Typically, it takes 2 to 3 years, but the SBP aims to complete this process within the next two years.
Currency With Security Features:
The governor, Jameel Ahmed, shared a plan in a casual talk with reporters about making money more secure. He emphasized the bank’s dedication to improving the current money system. The new bills will have advanced international security features to prevent fake money, and there will be a design competition in February to decide how they will look. So, these notes will look good and address security concerns.
Exciting Changes Ahead: New Colorful and Secure Currency Notes
The central bank is taking a proactive step by introducing new money with bright colors, special serial numbers, detailed designs, and improved security features. This is a significant move in the right direction and can bring positive changes. Governor Jameel Ahmed assures that the transition process won’t be sudden like India’s currency change, aiming to minimize disruptions and address worries about fake money circulating across the country.
Printing Money Everywhere: A Hopeful Change
We hope this new plan positively affects how money issues work in the country. It also suggests that we might see more improvements in this area soon.
In Conclusion: A Promising Future for Currency
Introducing new, secure, and vibrant currency notes is a positive step forward. This initiative not only addresses current issues but also hints at potential advancements in the future. The commitment to gradual implementation ensures a smoother transition, raising hope for positive changes in the country’s monetary landscape.
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