Federal Cabinet Approves New Currency Notes 2026 – Rs. 10 Note to Be Replaced by Coin
Federal Cabinet Approves New Currency Notes 2026 Pakistan’s federal cabinet has approved the designs of new currency notes, bringing an important change to the country’s existing currency system. The government has also approved replacing the current Rs. 10 banknote with a Rs. 10 coin. The new banknotes will include modern security features and improved materials to make them more durable and difficult to counterfeit.
The decision was taken during a federal cabinet meeting chaired by Prime Minister Shehbaz Sharif in Islamabad on November 4, 2026. The approval came on the recommendation of the Ministry of Finance after a detailed briefing on the proposed currency designs and consultations with relevant stakeholders.
This development is important for people across Pakistan because it will introduce redesigned banknotes and a change in the country’s Rs. 10 currency denomination.
Federal Cabinet Approves New Currency Notes in Pakistan
The federal cabinet has formally approved the proposed designs for Pakistan’s new currency notes following a review process involving artists, designers, and relevant stakeholders.
According to the briefing presented during the cabinet meeting, suggestions were invited from artists and professional designers across the country to prepare modern and attractive designs for the new banknotes.
A special cabinet committee, established by the prime minister, also held consultations with relevant stakeholders before finalising its recommendations.
The Ministry of Finance presented the proposed designs to the federal cabinet, which approved them after reviewing the details.
The approval marks an important step towards introducing a new series of Pakistani currency notes with improved security and durability.
Offichsl website ; https://www.sbp.org.pk/our-operations/bank-notes
New Currency Notes to Include Modern Security Features
One of the main reasons behind introducing redesigned banknotes is to strengthen security and reduce the circulation of counterfeit currency in Pakistan.
The government has decided to incorporate advanced security features into the new banknotes. These improvements will help make currency notes more difficult to copy and easier to verify.
The new currency notes will also use modern materials to improve their quality and durability.
Federal Cabinet Approves New Currency Notes 2026
- Introducing advanced security features to prevent counterfeit currency.
- Improving the quality and durability of banknotes.
- Extending the usable lifespan of currency notes.
- Reducing the need for frequent replacement and printing.
- Making the new currency series more secure and reliable.
These changes are expected to improve the overall quality of Pakistan’s currency system.
Rs. 10 Currency Note to Be Replaced With a Coin
Another important decision announced alongside the new currency note approval is the replacement of the existing Rs. 10 paper banknote with a Rs. 10 coin.
The federal cabinet has approved the introduction of a new Rs. 10 coin instead of continuing with the paper currency of the same denomination.
Low-value banknotes generally experience frequent handling and can wear out more quickly than coins. Coins usually remain usable for a longer period, which can reduce the cost of repeatedly printing and replacing currency.
The decision is therefore expected to help improve the management of low-denomination currency and reduce replacement expenses.
Why Is the Government Replacing the Rs. 10 Note?
There are several reasons behind the proposed change:
- Coins generally have a longer usable lifespan than paper notes.
- Replacing damaged low-value banknotes can increase printing expenses.
- Coins can remain in circulation for a longer period.
- The change may help reduce the cost of regularly replacing Rs. 10 currency notes.
The introduction of the Rs. 10 coin will be an important part of the upcoming currency changes.
When Will New Currency Notes Be Introduced in Pakistan?
Although the federal cabinet has approved the new currency note designs, the approval does not mean that the redesigned notes will immediately enter circulation.
The next important step will be the implementation process and the announcement of an official schedule by the relevant authorities, particularly the State Bank of Pakistan (SBP).
The public should wait for an official announcement regarding:
- The expected launch date of new currency notes.
- The schedule for introducing redesigned banknotes.
- The availability of the new Rs. 10 coin.
- Any arrangements concerning the replacement of existing currency notes.
As of November 4, 2026, a confirmed public launch date and exchange deadline have not been announced in the reports covering the cabinet’s decision.
People should avoid believing unverified social media messages about immediate currency withdrawal or exchange deadlines.
Will Existing Pakistani Currency Notes Become Invalid?
One of the biggest questions following this announcement is whether people can continue using their existing Pakistani currency notes.
The cabinet’s approval of new designs does not automatically make currently circulating banknotes invalid.
The introduction of redesigned notes and the withdrawal of an existing currency series are separate processes. Any formal decision about withdrawing old banknotes, their validity, or an exchange deadline should be communicated through official channels.
The State Bank of Pakistan is the main authority responsible for currency issuance and related public instructions.
Therefore, people should not rush to exchange their existing money or worry about an unofficial deadline. They should follow announcements published by the SBP and other relevant government authorities.
What Is the Role of the State Bank of Pakistan?
The State Bank of Pakistan plays a central role in the country’s currency management system.
It is responsible for issuing banknotes, managing currency circulation, and implementing approved changes to the banknote series.
Following the federal cabinet’s approval, the SBP will be an important institution in the next stages of the new currency introduction process.
People should regularly check official SBP announcements for information about the new banknotes, their circulation, and the replacement of the Rs. 10 paper note.
What Should Pakistani Citizens Do Now?
For now, people do not need to take any special action regarding their existing currency notes.
The government has approved the new designs, but the practical introduction process requires further official instructions.
Here are some important points for the public:
- Continue following official currency-related announcements.
- Do not exchange existing notes based on unverified social media claims.
- Avoid paying money to anyone promising early access to new currency notes.
- Check the State Bank of Pakistan’s official website for confirmed updates.
- Wait for an official announcement before making any decisions about old banknotes.
These precautions can help people avoid confusion and misinformation during the transition.
Final Words
The federal cabinet’s approval of new currency note designs is an important development for Pakistan’s financial and currency system. The redesigned banknotes will feature improved security measures and modern materials to increase their durability and help prevent counterfeiting.
The government has also approved replacing the existing Rs. 10 paper banknote with a coin. However, people should remember that the approval of new designs does not mean an immediate withdrawal of existing currency.
The State Bank of Pakistan is expected to provide further instructions regarding the introduction schedule and other implementation details. Citizens should rely on official announcements for the latest information.
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