The State Bank of Pakistan (SBP) on Thursday explained that the banknote plans that have won the new workmanship contest are not the short-recorded plans for the new series.
“The genuine plans of the proposed new series are being planned by presumed worldwide firms chosen through a serious cycle,” the SBP said in an explanation.
The national bank informed that the organizations will present their plan recommendations by December 2024 and the finished plans properly endorsed by the SBP Board will be submitted to Central Government for endorsement by January 2025.
“The SBP would start the printing system for the new banknote series after the endorsement by the Central Government,” it kept up with.
The comments come in the midst of lost remarks that champs of the workmanship contests will be the new plans of the money notes.
Prior in January, SBP started the cycle for planning of the new banknote series year with the declaration of a workmanship contest for topical plan thoughts of new banknote series.
The SBP said that the opposition was planned to support neighborhood craftsmen and draw in broad daylight in the plan cycle in accordance with global accepted procedures. Following this, craftsmanship sections put together by the neighborhood specialists were assessed by a panel of prestigious craftsmen and the triumphant passages of this opposition were reported on September 5, 2024.
SBP says no arrangement to present polymer banknote series
The SBP communicated that declaration of the workmanship contest results “has been deciphered by a part of media and public as shortlisting of the plans of new banknote series”.
It said that the point of declaring the workmanship contest results was exclusively to see the value in the endeavors of the craftsmen and energize them with money related prizes.
“One of the triumphant plans projected strict variety and featured various religions being drilled in the country.
“Some fragment of the public wrongly deciphered it as an endeavor to project a specific religion,” SBP said, adding that they chose the triumphant plan just in light of its specialty quality and the subject of strict variety and “that’s it”.