![]() Shamshad Akhtar, who was the SBP governor at the time and also the first woman to hold the post, told the media that the new notes had better security features. In 2006, the Rs 5,000 note was introduced by the government. “We gave one deadline after another but the idea was that anyone with an old note would automatically be entitled to a new one,” said Wasimuddin. The new Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000 notes were gradually introduced over five years. Syed Wasimuddin, a senior staffer of SBP, said Rs 1 and Rs 2 notes were gradually replaced with coins while the Rs 5 note was withdrawn altogether. New notes of all denominations were introduced. “We had to move to new currency notes because of the large number of fake notes of various denominations, especially Rs 1,000 notes,” recalled for SBP governor Ishrat Husain. Notification issued by State Bank of Pakistan on November 2 about the demonetisation of old design notes. The introduction of new design notes was completed in 2008. The process of demonetising the old notes has been gradual – the government first phased out Rs 5 and Rs 500 notes before moving to the other denominations. After that, the old notes can still be exchanged at SBP Banking Services Corporation field offices till December 31, 2021. The old notes can be exchanged at commercial banks across the country till November 30. The process has been underway for the past 10 years, and the State Bank of Pakistan (SBP) said in a statement on November 2 that old design notes in the denomination of Rs 10, Rs 50, Rs 100 and Rs 1,000 will cease to be legal tender from December 1. The first was in 1997 to mark Pakistan’s Golden Jubilee.Pakistan’s central bank is currently engaged in an exercise to demonetise and replace old bank notes with new ones but the process has been largely painless, as compared to the drive underway in India. This is the second commemorative bank note to be issued by the central bank. The portraits and numbers are in raised printing, allowing identification by the visually impaired. Security features include the Urdu numeral 75, which looks complete held to the light a security thread with pulsing holographic rainbow effect and micro-lettering of SBP and 75 and a watermark of Quaid e Azam’s portrait. ![]() The color scheme, design and message were conceived by the internal bank note committee at the bank and were integrated into a final design by the designers at De La Rue in the United Kingdom. It is based on artwork created by Sara Khan, described by the bank as a young and upcoming Pakistani artist. In addition to “75 years of independence” printed at the bottom, “Saving climate and species” is printed in the upper left corner. These are meant to symbolize Pakistan’s priority of environmental protection. The back of the note pictures Deodar trees and Pakistan’s national animal, a markhor, also known as a screw-horned goat. He was one of the most prominent Muslim reformers and educators in South Asia, advocating modern education and reforms in Muslims for the changing environment. Sir Syed Ahmed Khan is considered to be the pioneer of the Two-Nation theory and Muslim nationalism on the sub-continent. He was the first to propose the idea of a separate Muslim homeland on the Indian sub-continent. The poet-philosopher Allama Muhammad Iqbal provided the philosophical underpinning for a separate Muslim identity. ![]() ![]() She was a dental surgeon, but also her brother’s closest confidant. His younger sister, Fatima Jinnah, is known as mother of the Pakistani nation. He became the face of the nation and symbol of its unity. Quaid-e-Azam Muhammad Ali Jinnah led the struggle for independence and brought it to fruition. ![]()
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