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The State Bank of Pakistan (SBP) has announced a plan to replace currency notes ranging from Rs 10 to Rs 5,000. New notes with updated designs and features are expected to be introduced by December 2024, pending approval from the federal cabinet. The Rs 5,000 note will not be discontinued but will receive a new look. Additionally, the SBP plans to introduce polymer-based plastic notes, which may replace paper currency if they prove to be more durable.
