State Bank of Pakistan on Friday refuted rumours circulating on the social media regarding the issuance of a Rs10,000 banknote.
In a press release issued today the central bank stated that the ‘existing banknote denominations satisfactorily meet the payment, settlement and other allied needs of the economy.’
The SBP further said that there was no need for issuing higher denomination banknotes.
“The general public is advised to not pay heed to such rumors and check the authenticity of any news item related to banknotes on the SBP website and its social media accounts,” said the press release.
The central bank advised the public to verify such rumours from updates available on its website and social media accounts.