Islamabad, September 7, 2023 – Pakistan has officially denied recent reports suggesting a ban on the Rs 5000 denomination banknote. The Ministry of Finance issued a statement on Thursday to address the circulating rumors and clarify the situation.
READ MORE: State Bank of Pakistan Introduces Reforms in Exchange Companies
The statement from the Ministry of Finance categorically stated that a fake notification regarding the ban on the circulation of Rs 5000 currency notes, effective from September 30, 2023, has been making the rounds on social media platforms. The Ministry emphasized that this information is entirely false and aimed at misleading the general public.
The official statement further asserted that there has been no policy decision or action taken to prohibit the circulation of Rs 5000 currency notes. As of now, these banknotes remain completely valid and continue to be in circulation.
The Ministry’s clarification seeks to put an end to any confusion or concern among the public regarding the status of the Rs 5000 banknote. It serves as an assurance that there is no imminent change in the legal tender status of this denomination, and individuals can continue to use and accept these notes in their daily transactions.
The dissemination of false information on social media and other platforms can lead to unnecessary panic and disruption in the financial system. Therefore, the Ministry’s statement aims to provide accurate information and maintain stability in the country’s currency and financial operations.
