Breaking News: Will New Currency Notes Be Available This Eid?

Will New Currency Notes

As Eid approaches, many Pakistanis are eager to know if the new currency notes will be in circulation this year. State Bank of Pakistan Governor Jameel Ahmad has clarified that redesigned notes will not be available for Eid. The printing process has not yet begun, as federal cabinet approval is still pending. This update is essential for citizens, businesses, and banks planning cash flow during the festive season.

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Detail	Information
Authority	State Bank of Pakistan (SBP)
Governor	Jameel Ahmad
New Currency Status	Not available before Eid
Cabinet Approval	Pending
Printing Process	Yet to begin
IMF Commitment	Ongoing strict monetary policy
External Debt Paid	$6 billion
Purpose of Notes	Redesign & modernization

What Governor Jameel Ahmad Said

The SBP governor emphasized that while the design for new notes has been finalized, circulation cannot begin until federal cabinet approval. He assured the public that the country remains committed to responsible monetary policy.

1. Governor confirmed notes won’t reach Eid.
2. Cabinet clearance is essential for printing.
3. SBP is coordinating with IMF commitments.
4. No new circulation timeline has been announced yet.

Why New Notes Are Delayed

The delay is primarily administrative. Although the design process is complete, the official launch depends on government approval and printing logistics.

• Printing requires security clearances.
• Cabinet must approve denominations and distribution.
• Banks need time to prepare for cash handling.
• Coordinating with regional branches is essential.

Current Currency Situation

The existing currency notes will continue to be used for all transactions during Eid. Citizens should not expect any immediate exchange for new notes.

• Old notes remain valid for payments.
• Banks are prepared for Eid cash withdrawals.
• Retailers will continue normal operations.
• No panic or rush to exchange money is needed.

Impact on Businesses and Public

Merchants and individuals planning Eid shopping will rely on current notes. The delay in new currency should not disrupt daily transactions.

• Businesses should ensure enough cash for customers.
• Individuals can continue using existing notes for gifts.
• Cash ATMs will function as usual.
• Large denominations will remain in circulation for convenience.

Step-by-Step Understanding of the Process

1. Cabinet approves note designs and denominations.
2. SBP schedules printing and distribution.
3. Notes are printed under secure conditions.
4. Distribution to banks begins in phases.
5. Banks release notes to branches and ATMs.
6. Public can exchange or withdraw new notes.

Helpline & Contact

For queries regarding currency updates:

• SBP Helpline: 021-111-727-273
• Email: info@sbp.org.pk
• Official Website: https://www.sbp.org.pk
• Branch-level inquiries are also available at major city offices.

Importance of IMF Agreement

Pakistan’s monetary policy aligns with IMF recommendations to ensure financial stability. Governor Ahmad highlighted that strict adherence helps maintain inflation targets and external debt obligations.

• $6 billion in external debt has been paid.
• Monetary policy aims to stabilize currency value.
• Public awareness helps avoid misinformation.
• SBP emphasizes transparency in policy decisions.

Public Advisory for Eid

Citizens should continue using existing notes responsibly. No new currency means careful planning is advised for cash needs during Eid.

• Ensure adequate cash before Eid.
• Avoid exchanging money with unofficial sources.
• Large cash withdrawals may require bank coordination.
• Keep cash secure and avoid rumors.

Conclusion

In summary, newly designed currency notes will not be available this Eid due to pending federal approval. The SBP reassures the public that existing notes remain valid and sufficient for all transactions. Pakistan’s monetary policies continue to follow IMF commitments, ensuring stability and transparency. Citizens and businesses should plan their cash usage accordingly and rely only on official SBP updates for accurate information.

FAQs

Will new currency notes be available before Eid 2026?

No, the printing process has not begun, and notes require federal cabinet approval.

Are existing currency notes still valid?

Yes, all current notes are valid for transactions and ATM withdrawals.

Why is the release of new notes delayed?

Delays are due to pending cabinet approval, security printing, and distribution logistics.

Where can I get official updates on new notes?

Check the SBP official website https://www.sbp.org.pk or call their helpline at 021-111-727-273.