Women lead in SBP new banknote series competition

ISLAMABAD: Women have achieved remarkable success in the competition organised by the State Bank of Pakistan (SBP) to design new currency notes.

The top five banknote designs that won first place—those for the 10, 100, 500, 1000, and 5000 rupee denominations—were all created by female designers. Meanwhile, the designs for the 20 and 50-rupee notes were crafted by male artists.

Complete list of winners in SBP’s new banknote series competition

The first, second, and third place winners for each denomination will receive prizes of Rs1,000,000, Rs500,000, and Rs300,000, respectively.

Earlier this year, in January, the State Bank of Pakistan invited the public to submit designs for new currency notes as part of its initiative to update the existing banknotes. It is anticipated that the transition to the new notes will be completed by the end of this year.

SPB is also preparing to introduce new banknotes made from polymer paper, with the transition expected to be completed by the end of 2024.

Read more: What the new banknotes in Pakistan could look like?