The State Bank of Pakistan (SBP) is officially moving forward with a major overhaul of the country’s currency. As of early 2026, the SBP has finalized the new currency note designs, which are now awaiting final approval from the Federal Cabinet to begin the printing phase. The State Bank of Pakistan’s 2026 currency redesign is a major move toward modernization. Designs are finalized and await federal approval for issuance; notably, the Rs. 5,000 note stays in circulation, and all existing currency remains valid. Here is the breakdown of what is changing and what you can expect:
Key Status Updates (February 2026)
- Approval Stage: The SBP Board has vetted and approved the designs. They have been forwarded to the Federal Government (Cabinet) for the final green light.
- Phased Launch: Once approved, the SBP plans to print two or three denominations simultaneously. The notes will enter circulation gradually as soon as a “minimum stock” is achieved.
- The Rs. 5,000 Note: Despite ongoing rumors, SBP Governor Jameel Ahmad has clarified that there is no proposal to discontinue the 5,000 rupee note. It will be redesigned along with the other denominations.
What the New Notes Will Look Like
The redesign is not just about aesthetics; it’s a security and cultural upgrade. The SBP held an art competition in 2024 to gather themes, which international designers are now refining.
- Themes: Designs will feature Pakistan’s geographical diversity, historical landmarks, and social themes like climate change awareness and women’s contributions to national development.
- The Portrait: The front of the notes will continue to feature Quaid-e-Azam Muhammad Ali Jinnah, maintaining a link to national identity.
- Security Features: The new series will include advanced international standards to fight counterfeiting:
- Enhanced security threads.
- Color-shifting ink (optically variable ink).
- Tactile/raised printing (to assist the visually impaired).
- Improved durability and machine readability.
Important Timeline & Public Advisory
- No Immediate Expiry: Your current banknotes remain legal tender. The SBP has emphasized that the transition will be “gradual and phased.” Old notes will only be phased out once the new ones are widely available.
- Beware of Fakes: Many “leaked” images of the new currency have circulated on social media. The SBP has officially confirmed that most of these are fake. Official designs will only be revealed once the government gives its final approval.
Note: The SBP typically introduces a new banknote series every 15–20 years to stay ahead of counterfeit technology. The last major series was introduced starting in 2005.
Conclusion
The new currency note design approved by SBP represents a strategic leap forward for Pakistan’s financial ecosystem. Through enhanced security, cultural representation, durability, and global alignment, the redesigned notes reinforce trust, stability, and national pride. We recognize this initiative as a cornerstone in strengthening Pakistan’s monetary foundation for the years ahead.