KARACHI – The rumours were rife on the social media of issuance of Rs10,000 banknote in Pakistan by the State Bank.

However the State Bank of Pakistan refuted such rumours circulating on thesocial media regarding the issuance of a Rs10,000 banknote.

In a press release issued today the central bank stated that the ‘existingbanknote denominations satisfactorily meet the payment, settlement andother allied needs of the economy.’

The social media has been abuzz with rumours regarding the issuance of anew 10,000-rupee currency note by the central bank. The rumours have beendenied by the State Bank of Pakistan.

The SBP further said that there was no need for issuing higher denominationbanknotes.

“The general public is advised to not pay heed to such rumors and check theauthenticity of any news item related to banknotes on the SBP website andits social media accounts,” said the press release.

The central bank advised the public to verify such rumours from updatesavailable on its website and social media accounts.