Mission Statement
To establish efficient currency management system by using latest technology from initial printing to finally destruction of banknotes including curbing of counterfeit currency.
Vision Statement
Providing securer and better quality banknotes to command respect and trust of our stakeholders.
About Us
Currency Management Department (CMD) is responsible for ensuring uninterrupted provision of good quality Bank Notes and Coins, National Prize Bonds, Special & Defense Saving Certificates across the country. CMD also ensures retrieval of unfit bank notes from circulation and their destruction through systematic and secure processes as part of SBP’s Clean Note Policy.
With the help of different Field Offices of SBP-BSC, it also arranges public awareness programs for external stakeholders such as commercial banks, general public and key Government Institutions in order to disseminate information about the “security features of bank notes in circulation” and “SBP’s Clean Note Policy”. The purpose of such programs is to help the stakeholders in combating circulation of counterfeit notes and also ensuring circulation of clean notes in the market. Additionally, CMD also collaborates with Law Enforcement Agencies for measures to deter counterfeiting of currency notes while continuously upgrading its capacity to check counterfeiting through use of better equipments and establishing a forensic lab.
It also provides feedback to the concerned Department(s) of the State Bank of Pakistan related to:
- forecasting the demand for fresh notes and coins, based on factors like past consumption trends, expected growth of the economy, etc.;
- improving the security features in currency notes and;
- indenting and printing / indent of bank notes.
For the purpose, it coordinates with Pakistan Security Printing Press (PSPC), Pakistan Mint, Central Directorate of National Savings (CDNS) and National Bank of Pakistan (NBP).
The Department continuously strives to upgrade the currency operations in Pakistan through the introduction of comprehensive and state-of-the-art automated solutions, commensurate with domestic market conditions, future challenges and international best practices.