QoD: The Cosmopolitan Makeover of Our Currency, Confusing or Exciting ?

http://karachi.metblogs.com/archives/images/2006/11/newnotes-thumb.jpg
State bank of Pakistan has launched Rs. 100 and Rs. 500 new design bank notes at a ceremony held here in Karachi a few days back.

The state bank press release says ” The launch of these banknotes is part of State Bank’s campaign to eliminate counterfeiting of notes in the country and to protect the public from this menace”

Dr. Shamshad Akhtar, Governor, State Bank of Pakistan, says “The State Bank has taken advantage of the latest technology to make these notes virtually impossible to be forged by incorporating the state of the art security features ”

Besides the high tech special features the notes are also said to be machine readable and the Future ATMs in the country will also be able to receive the new currency.

How do you respond to this new change to our currency, Will it add more to the confusion, as in the case with 20 and 5000 rupees note ? Or will people enjoy the new look and will quickly adopt to it ?

17 Comments so far

  1. SWA (unregistered) on November 13th, 2006 @ 3:03 am

    The new notes are good with two exceptions:

    1) All have the same picture of Quaid0-e-Azam on them, as if we have no other eminent personalities that we are proud of

    2) The similarity between the 20 and 5000 rupee notes (as stated in your post). I think this is very dangerous and people should write to the newspapers about this issue (I would have done it myself but I am abroad and havent seen either of these notes).


  2. SWA (unregistered) on November 13th, 2006 @ 3:04 am

    Correction in my comment: Quaid-e-Azam


  3. Yahya (unregistered) on November 13th, 2006 @ 3:41 am

    “1) All have the same picture of Quaid0-e-Azam on them, as if we have no other eminent personalities that we are proud of”

    Agree in principal but can you suggest a few eminent personalities who are not controversial?


  4. SWA (unregistered) on November 13th, 2006 @ 4:49 am

    Sir Syed Ahmed Khan, Allama Iqbal, Fatima Jinnah etc.


  5. Yahya (unregistered) on November 13th, 2006 @ 5:02 am

    Sir Syed Ahmed Khan may not be acceptable to the anti-everything clergy. Can you name enough to fill all the notes? How many notes are there; 10, 20, 50, 100, 500, 100, 5000, is there one for 10000? So total is 7 or 8. We still need 4 or 5 more names.


  6. Mona (unregistered) on November 13th, 2006 @ 5:21 am

    Ok, this will sound bad… but there used to be no 20 Rupees note a few years back, or is it new?


  7. MB (unregistered) on November 13th, 2006 @ 6:47 am

    The new notes a bullshit to say the least. And if you dont know what i mean do watch the DISCOVERY channels documentary about DOLLAR.

    Some one give these people an iota of sense when they choose the colors. And who gave the idea of a RS. 5000 note. In a country where people sell their honesy for 1 rupee , you expect they will stay silent at 5000 note. They will go to any extent to make a fake one. 5000 is not a small amount.


  8. striker (unregistered) on November 13th, 2006 @ 8:05 am

    hey when are the old one going out of service
    i have still have 150 rupies that i took with me
    when i was leaving pakistan 2 years ago i had plan to spent them upon arrival…….but looks
    like i will not be able to do that cus i am coming on back in december


  9. Adnan Siddiqi (unregistered) on November 13th, 2006 @ 8:53 am

    Strikier: ab wo notes sambhal rakh lo, apna bachoun ko dekhana.


  10. Adnan V (unregistered) on November 13th, 2006 @ 10:45 am

    @Mona : Yes, they are new !!!


  11. NY (unregistered) on November 13th, 2006 @ 11:23 am

    We should print the picture of people who own/possess most notes. after all these are the people who own the ruppee and have made “islamic republic of pakistan’ their “cow”!! So i propose we should start with benazir bhuttos pic followed by (now smart haired) Nawaz sharif’s picture on the currency notes. And bigger denomination notes should have pictures of generals!!!
    :-)


  12. d0ct0r (unregistered) on November 13th, 2006 @ 11:37 am

    here is the link 10 20 100 500 and 5000 rupees notes all featured on statebank of pakistan’s website

    http://www.sbp.org.pk/BankNotes/banknotes.htm


  13. Aussi_Paki (unregistered) on November 13th, 2006 @ 3:56 pm

    Wow 5000 Rupees, unreal =D!


  14. Aussi_Paki (unregistered) on November 13th, 2006 @ 4:00 pm

    Do we still have 5 rupees notes, 1 rupee and 2 rupees coins? And 5000 rupees seems way too much! When we were in Pk 1000 was the max, so is 1000 there still? Like do you even need to ever give 5000 rupees now when buying something? I believe that would do for loads of shopping from 1 shop anyway =/?


  15. d0ct0r (unregistered) on November 13th, 2006 @ 4:25 pm

    Rs 5 note totally discarded ,5rs coin launched in its place… Rs1000 note old one still there new one will be launched before june 07 ,old note would continue to circulate for some time…

    Rs 5000 its a headache at the moment… many petrol pumps have notices glued “we don’t have change for 5000 rupee note so kindly beware”


  16. Umer Zaman (unregistered) on November 14th, 2006 @ 2:55 pm

    there were plenty of Rs. 20 bills that were fake
    i got 10 of em through a friend for Rs. 5 each
    take my word on it, they were as real as the original 20
    i bet there are plenty of fake 5000 bills as well but maybe this time my friend just didnt care to share =)


  17. Adnan Siddiqi (unregistered) on November 14th, 2006 @ 9:48 pm

    NY, what a coool idea man



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