Rs10 Note Discontinued? SBP Rejects Rumours, Clarifies Real Situation

State Bank – (Staff Reporter/Web Desk) – Rumours about the Rs10 note discontinued status have been spreading fast on social media this week. Many people started sharing posts claiming the State Bank of Pakistan had already set a deadline to exchange these notes. On Thursday, the SBP stepped in to clear the confusion once and for all.

The central bank released an official statement calling these claims baseless. It firmly denied that any exchange deadline exists. According to SBP, no formal decision has been made yet about removing or replacing the Rs10 note.

What actually happened is much simpler. The SBP has sent a proposal to the Cabinet, asking for a fresh banknote series. That proposal is still sitting under review. Nothing has been approved. Nothing has been finalized.

The bank made it clear that any future changes will follow proper channels. If a note is ever phased out, citizens will get enough time to exchange their old currency. People don’t need to panic or rush to banks based on rumours.\

#SBP categorically refutes reports circulating on social media regarding the purported discontinuation of the Rs. 10 banknote and the last date for its exchange. The reports are baseless and have no substance.

SBP has submitted a proposal for the introduction of a new banknote… pic.twitter.com/KuxjWFzvTS

— SBP (@StateBank_Pak) September 17, 2026

This isn’t the first time the Rs10 note has faced discontinuation talk. Months earlier, SBP Deputy Governor Dr Inayat Hussain mentioned the idea to a Senate committee. He explained that printing the Rs10 note has become costly compared to its actual value. That’s a common reason central banks reconsider small denomination notes worldwide.

Dr Hussain also revealed that SBP had tried removing the Rs10 note twice before. Both attempts didn’t move forward for various reasons. This history shows the idea isn’t new, but it also hasn’t been executed yet.

For now, the key message from SBP is simple: trust only official announcements. Social media posts, forwarded messages, and unofficial reports shouldn’t be treated as facts. If any real update happens, SBP will inform the public directly.

People are advised to stay calm and avoid spreading unverified news further. Currency decisions affect millions, so accuracy matters more than speed. The central bank’s clarification should put most public worries to rest, at least until an official decision is announced.