Wednesday, February 12, 2025
Wednesday, February 12, 2025
HomePakistanSBP clarifies validity of rs10 Coin and rs75 note

SBP clarifies validity of rs10 Coin and rs75 note

The State Bank of Pakistan (SBP) issued a new coin worth Rs10, on October 24, 2016, t which is still in circulation today. However, it is still largely unknown to the general public, despite being a legal tender in the country. According to a spokesperson for the SBP, all commemorative notes and coins, including the Rs10 coin and the commemorative Rs75 note, are perfectly acceptable for market transactions.

The Rs10 coin features a design of the Badshahi Mosque on one side, while the other side has the state emblem of Pakistan, featuring a crescent and a star. It is made of a copper-nickel alloy and is 25.5mm in diameter. Although it has been in circulation for several years, many people are still unaware of its existence and often reject it when offered in transactions.

In addition to the Rs10 coin, the SBP has also introduced commemorative notes and coins of various denominations to celebrate national events and honor prominent personalities. For instance, the Rs75 note was issued to commemorate the 75th anniversary of the independence of Pakistan. Similarly, coins have been issued to mark important events such as the 50th anniversary of the Pakistan Air Force and the 1000th anniversary of the Shahi Qila, Lahore.

Despite the unique designs and commemorative significance of these notes and coins, some people are skeptical about their value and validity. However, the SBP spokesperson has clarified that all commemorative notes and coins are legal tender and can be used for transactions without any issues. Moreover, the spokesperson emphasized that these notes and coins hold sentimental and historical value for the nation and should be respected accordingly.

It is worth noting that the SBP has implemented various measures to educate the public about the validity and importance of these commemorative notes and coins. For example, the bank has released public service messages on social media and through other channels to raise awareness and encourage people to use them. Additionally, the bank has directed its staff to accept these notes and coins in all transactions to promote their wider circulation.

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In conclusion, the Rs10 coin and other commemorative notes and coins issued by the SBP hold significant historical and sentimental value for the nation. Despite their uniqueness, they are legal tender and can be used for transactions without any issues. It is important for the public to be aware of their validity and importance and to use them with respect. The SBP is committed to promoting the circulation and acceptance of these notes and coins, and has taken several measures to educate and encourage people to use them.

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