Karachi: The government has formally decided to print new currency notes ranging from Rs 100 to Rs 5,000 to adapt the currency notes to international security standards, but its impact will be felt by the public.

The federal government has decided to print new currency notes ranging from Rs 100 to Rs 5,000 in Pakistan, which is not just a design change but a major economic step that will have an impact on the pockets of every citizen. However, the aim has been stated to be to adapt the Pakistani currency to international security standards.

Important themes like Pakistan’s history, geographical beauty and women’s development will be made part of the design in the new currency notes so that these notes can present a bright face of the country at the global level.

There are several solid reasons behind this decision of the federal government, the biggest reason being to break the expanding network of fake notes, which has become a cancer for the economy. Thanks to new and complex security features, it will now be very easy for the common man to identify real and fake notes.

Similarly, by replacing old notes with new ones, the money circulating in the market that is not currently part of the formal economy will also return to the banking system.

The circulation of new currency notes can prove to be an effective weapon against ‘black money’ because as people turn to banks to exchange their old notes, it will become easier to trace the illegal money in the economy, which will increase the tax net and help control inflation.