{"id":102301,"date":"2026-02-26T17:15:53","date_gmt":"2026-02-26T12:15:53","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=102301"},"modified":"2026-02-26T17:15:53","modified_gmt":"2026-02-26T12:15:53","slug":"federal-cabinet-considers-replacing-rs10-note-with-coin","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/federal-cabinet-considers-replacing-rs10-note-with-coin\/","title":{"rendered":"Federal cabinet considers replacing Rs10 note with coin"},"content":{"rendered":"<p>ISLAMABAD: The federal cabinet is considering the in-principle approval to replace the Rs 10<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pakistan-starts-distribution-of-new-currency-notes-ahead-of-eid-ul-fitr-2026\/\"> currency note<\/a> with a coin. According to sources, this move could potentially save Rs 40-50 billion over the next 10 years.<\/p>\n<p>The currency management report prepared by a high-level committee headed by the Finance Minister has been submitted to the cabinet.<\/p>\n<p>This report has been compiled by the State Bank and the Security Printing Corporation in accordance with the relevant laws.<\/p>\n<p>According to the report, the average lifespan of a Rs 10 note is only 6 to 9 months, while a Rs 10 coin remains usable for 20 to 30 years.<\/p>\n<p>About 35 percent of the total currency notes printed annually in the country are Rs 10 notes, which significantly increases the costs.<\/p>\n<p>According to the document, the annual estimate of the printing, replacement, and administrative costs of the Rs 10 note is Rs 8 to 10 billion. Although the initial cost of producing the coin is relatively high, it does not need to be re-produced for decades, which can lead to long-term savings.<\/p>\n<p>The report recommends that the State Bank of Pakistan phase out the printing of Rs 10 notes over a period of three years.<\/p>\n<p>It should be noted that the Rs 10 coin was first issued on October 24, 2016, while the phase-out of notes is a legal process under the State Bank Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The federal cabinet is considering the in-principle approval to replace the Rs 10 currency note with a coin. According to sources, this move could potentially save Rs 40-50 billion over the next 10 years. The currency management report prepared by a high-level committee headed by the Finance Minister has been submitted to the cabinet. [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":102302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1501,36622,34406],"class_list":["post-102301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-federal-cabinet","tag-coin","tag-rs10-note"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/102301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=102301"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/102301\/revisions"}],"predecessor-version":[{"id":102303,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/102301\/revisions\/102303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/102302"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=102301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=102301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=102301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}