The federal government is planning to permanently discontinue the Rs. 10 currency note and gradually replace it with coins. The move is aimed at reducing long term printing costs and improving durability in the currency system.
The proposal is currently under review and will require cabinet approval and completion of legal procedures before full implementation.
According to findings shared by the State Bank of Pakistan, the Rs. 10 note has a very short life span. On average, it remains in circulation for only six to nine months due to frequent public use and wear and tear.
In comparison, coins can stay in circulation for up to 30 years without needing replacement.
Officials believe that switching to coins could save between Rs. 40 to 50 billion over the next ten years. The savings would come from reduced printing, replacement, and distribution costs.
Authorities also say that coins are more environmentally friendly because they do not need to be reprinted frequently, which supports the country’s green banking goals.
The transition is expected to take place gradually over the next three years. During this period, both notes and coins may circulate together until the note is fully withdrawn.
This step would mark a significant change in Pakistan’s currency system, focusing on cost efficiency, sustainability, and long term financial planning.
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