Pakistan’s Federal Cabinet Considers Replacing Rs10 Currency Note with Coin

ISLAMABAD — Pakistan’s federal cabinet is deliberating a significant monetary reform — replacing the Rs10 banknote with a coin — as part of broader efforts to reduce currency management costs across the country.
According to sources, a formal Currency Management Report has been submitted to the cabinet, outlining the financial rationale behind the proposed transition.
The report suggests that introducing a Rs10 coin in place of the paper note could save the national exchequer between Rs40 billion and Rs50 billion over the next decade. The substantial projected savings stem from the significantly longer lifespan of coins compared to banknotes, which require frequent reprinting due to wear and tear.
The move aligns with a global trend adopted by numerous countries that have shifted low-denomination currencies to coin format to curtail printing and distribution expenses.
Upon cabinet approval, the State Bank of Pakistan is expected to announce the design specifications and a rollout timeline for the new coin.
This development is seen as a pragmatic step toward improving monetary efficiency amid Pakistan’s ongoing economic stabilisation efforts.