SBP reveals potential designs for new currency notes: Details inside

KARACHI: The State Bank of Pakistan (SBP) on Thursday revealed the possible design of new currency notes of all denominations.

Possible designs have been shortlisted from several designs submitted by citizens in an art competition organized by the State Bank.

Rs 10 denomination 1st prize won by Shery Abidi

Rs 10 denomination 2nd prize won by Mirza Sufiyan

Rs 20 denomination 1st prize won by Haroon Khan

Rs 50 denomination 1st prize won by Syed Fawad Hussain

Rs 100 denomination 1st prize won by Memoona Afzal

“We (SBP) are pleased to announce the successful conclusion of the art competition for the design of the new banknote series. We appreciate the local artists and designers who have shown their creativity and talent in this important endeavor. participated in the competition,” the central bank said in a statement issued here.

State Bank said the designs were shortlisted after a rigorous screening process by a committee of respected experts from the respective fields.

The State Bank said the shortlisted designs for the new currency notes are suggestive in nature and are being shared with international designers tasked to work with the central bank.

Rs 500 denomination 1st prize won by Hadiya Hassan

Rs 500 denomination 2nd prize won by Aynee Zahra

International designers will work with State Bank officials to finalize the design of the new banknote series.

“International designers, inspired by local art offerings, will, however, be free to use their design skills and imagination to create the final designs for the new banknote series,” the central bank added.

Rs 1000 denomination 1st prize won by Noureen Aslam

Rs 5000 denomination 1st prize won by Memoona Afzal

Rs 5000 denomination 2nd prize won by Karim Muhammad

It wrote that State Bank will ensure that the new series of notes reflect the rich cultural heritage and progressive vision of our nation, and hopes that the final designs fully reflect this joint effort.

“The winners, as previously announced, will be awarded prize money in recognition of their contribution to this important national project,” the statement said.