Pak to experiment by redesigning currency notes made of polymer plastic

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Pak to experiment by redesigning currency notes made of polymer plastic - Business Standard

Quick Summary:

State Bank of Pakistan Governor Jameel Ahmed told a Senate committee on banking and finance in Islamabad that all the existing paper currency notes are being redesigned with new security features by December this year.

Pakistan's central bank will experiment with a new polymer plastic currency banknote later this year while redesigning all the existing banknotes for enhanced security and hologram features.

The old notes would remain in circulation for five years being eased out of the market by the central bank, a source close to the committee said.