The Federal Cabinet has formed a committee, led by the finance minister, to review the future of the Rs. 10 banknote. The decision comes as authorities examine whether the note should be discontinued or retained.
According to sources, the Federal Cabinet has tasked the committee with providing detailed recommendations. The review will consider both the practicality and cost of producing the Rs. 10 note. Officials highlighted that high production costs are a key factor in the assessment.
The committee is also exploring the option of replacing the Rs. 10 banknote with a coin. Coins generally last longer than paper notes and could reduce costs over time. The committee will evaluate the benefits and challenges of issuing a Rs. 10 coin instead of continuing the banknote.
Once the review is complete, the committee will submit its findings to the Federal Cabinet. The cabinet will then decide whether to discontinue the banknote or continue its circulation. Sources said the process aims to balance efficiency in currency management with public convenience.
Experts believe that replacing small denomination notes with coins could improve durability and reduce long-term expenses. The cabinet’s decision will consider both economic efficiency and public accessibility to the currency.
The Federal Cabinet emphasized that the committee’s recommendations will guide the final decision. Any change regarding the Rs. 10 note will be formally announced after the cabinet reviews the report.
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This move reflects the government’s ongoing efforts to improve currency management. By reviewing small denomination notes, the Federal Cabinet seeks to ensure cost-effective and practical monetary policies. Citizens are advised to follow official announcements regarding any changes to the Rs. 10 note in the future.
