Is Rs 5,000 currency note being scrapped?

Is Rs 5,000 currency note being scrapped?

ISLAMABAD - The State Bank of Pakistan has responded over the media reports of scrapping Rs 5000 currency note and change in Rs 100 to 1000 currency notes.

SBP has rejected reports suggesting a change in currency notes.

Officials of the SBP said that banknotes in the country were not being changed.

According to SBP officials, the designs and images of currency notes circulating on social media were fake.

Earlier, reports surfaced on social networking platforms suggesting that Finance Minister Asad Umar had decided to discontinue Rs5000 banknote.

These reports further suggested that the new government also intended to change banknotes worth Rs50 to Rs1000.