State Bank of Pakistan denies Rs10 banknote discontinuation reports

The SBP's denial addresses public uncertainty about a widely-circulated but unverified claim regarding a core currency denomination. If a withdrawal were formally announced, it would affect cash handling for millions of Pakistani users and merchants; historical precedent shows Pakistan has replaced lower denominations (Rs1, Rs2, Rs5) with coins, though experts dispute whether such replacements reduce costs. The stated consideration of phasing out Rs10 notes—tied to inflation eroding its purchasing power—signals ongoing central bank review of monetary infrastructure, but no official timeline or implementation plan has been disclosed.