Announcing the issue at the launching ceremony at SBP head office, the Governor State Bank Dr Shamshad Akhtar said that the new notes will be available from Tuesday (today) from all branches of SBP Banking Services Corporation (SBSC).
She said the up-to-date security features incorporated in Rs 50 newly designed and new Rs 5 banknotes are of international standards and thus minimized the possibility of their counterfeiting.
Nevertheless, it is important for the public to be well-versed with these security features so that they can easily recognize a counterfeit banknote when they come across it, she said, urging media men to effectively play their vital and constructive role in educating the public by giving wide coverage to the security features new design of Rs 50 and new Rs 5 banknotes.
It may be recalled that the State Bank has already introduced newly-designed banknotes of Rs 10, 20, 100, 500, 1000 and 5000 denominations. The newly-designed upgraded series started gradually by introduction of Rs 20 banknote from 13th August 2005, has now been completed with the launch of Rs 50 new design and new Rs 5 banknotes from today.
The launch of new high-tech banknotes has helped modernize the banking industry in Pakistan as the new-design banknotes are equipped with machine readable features. This will facilitate the automation of handling of banknotes by banks and use of equipment to detect counterfeiting while processing the banknotes.
Several built-in state-of-the-art security features designed to prevent counterfeit production of Rs 50 new-design and new Rs 5 banknotes are: anti-copy and anti-scan, micro-lettering, micro text security thread, and see-through. Besides special feature for visually impaired persons, latent image of denomination and raised printings are also appearing on new-design banknote of Rs 50 denomination.
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