Pakistani Currency Note:
If a country administration cannot control the currency then how will this kind of government solve other major issues? There are many kind of currency notes revolve in the country in the present time but the government is sitting like a quiet audience. That’s why more and more problems are creating and producing by themselves or by other means. The government must think about it.
State Bank of Pakistan:
The central bank came into being in 1st July 1948 inaugurated by the father of the country Honorable Quaid – e-Azam Mohammad Ali Jinnah. It is the duty and responsibility of the state bank to solve the currency note issue. Which is still prevailing in the country since 2000? If the state bank of the country cannot control the currency note then who is the responsible for this? State bank clearly knows that two kinds of currency notes are running in the country.
Two Forms of Currency Note:
State bank of Pakistan has issued currency notes in the country for the last 9-10 years by the ordered of Mushr’raf Government. If you put sight on the present currency notes then you will find two kinds of currency notes. For example 1000 currency note has two kinds old and new one. 500 currency notes have two forms and so on. Two kind of money predominated in the country. There is a 5 rupee currency note and coin also rotating in the country. Strange situation is present in the country regarding currency note.
State bank of Pakistan must put this serious issue in front of the present government. State bank must do itself something about the solving of this problem. Both the government and state bank of Pakistan should sit and have meeting about the current issue of currency notes. And they should inform the people with the help media electronic, paper and radio that people should come to the commercial bank and leave their old currency notes and take new one in exchange. So that a single currency notes could run in the country market. Both the government of Pakistan and State bank of Pakistan must take serious and concrete action and measurements regarding this issue.