What happened to Pakistan’s new currency notes?
I was looking at Swiss franc banknotes today and it reminded me of something: Pakistan’s State Bank was supposed to introduce a completely redesigned series of currency notes.
At first, we were told it would happen within a few months. Then the timeline became six months, then three months, then two months. Every time, there was another update and people were getting excited about finally seeing new notes with modern security features and new technology.
Then… nothing.
A year passed. Then another six or seven months. Still no new notes.
So what actually happened? Was the whole announcement just a massive case of “coming soon™”? 😂
I’m genuinely curious whether anyone knows what is happening behind the scenes. Was the project delayed, cancelled, stuck in approvals, or did they simply run into technical/financial problems?
Because at this point, it feels like the new currency notes arrived as a breeze, made everyone excited for a few months, and then completely disappeared.
Does anyone have a reliable update on the actual status of Pakistan’s new currency note series?