Is withdrawal of Rs 5,000 currency note in offing by PTI government?

Is withdrawal of Rs 5,000 currency note in offing by PTI government?
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ISLAMABAD - Social media is full with rumours that new government is mulling option of withdrawing the Rs 5000 note in Pakistan.

The spread of misinformation in Pakistan has witnessed a new surge after the new government took reins of the country following July 25 election.

Among many rumors and fake news being circulated on Whatsapp, the one about withdrawal of Rs5000 currency notes and design change of currency notes of Rs50, 100,500, 1000 has aroused the users' interest.

"Decision made to change design of all notes having denomination from 50 and 1000. Decision made to ban Rs5000 note. Great decision," read the message that is being discussed on Whatsapp.

Without mentioning the platform where the decision might have been made, the Whatsapp message is attributed to newly appointed Finance Minister Asad Umar.

A little research into this message shows that it has no authenticity and Mr Umar has not talked about the demonetization of currency notes or change of their designs since he assumed charge of his ministry .

Economy