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Sunday, September 29, 2024  
24 Rabi ul Awal 1446  

SBP details features of Rs5,000 note after Senate spat

The SBP's deputy governor had reportedly failed to recognise a counterfeit note

The State Bank of Pakistan issued a detailed explainer on the identifying features of the Rs5,000 note on Wednesday, a day after the matter reportedly came for discussion in a Senate committee meeting.

As the Senate Standing committee on finance met on Tuesday, Chairman Saleem Mandviwala produced a Rs5,000 note and asked the deputy governor of SBP if he could tell if it was real or counterfeit.

When the deputy governor coceded that he could not identify if the note was real or not, Mandviwala had asked him to formulate a policy on fake currency.

On Wendesday, the SBP issued a video explainer on the unique identifying features of the Rs5,000 note on Youtube.

The explainer lists multiple marks including the use of optical variable ink on the Pakistani flag, raised marks for visually impaired people, silver thread, watermark and hidden figures.

It also explains what you can see on the note when you view it under ultraviolet light: lime green threads.

This is not the first time the note has been discussed in the Senate. Earlier, the upper house had passed a resolution calling for the note to be removed from circulation to fight inflation.

However, the caretaker finance minister had clairifed that no such proposal was under discussin.

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State Bank Of pakistan

Pakistan Rupee

Rs5000 bank note