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The federal government is considering whether the Rs. 10 banknote should be discontinued, as a cabinet-formed committee begins reviewing its future. The move comes amid rising currency production costs and a possible shift toward coins for lower denominations.
According to official sources, the federal cabinet has constituted a committee led by the finance minister to examine whether the Rs. 10 banknote should be withdrawn or retained. The committee has been directed to submit clear recommendations to the cabinet after evaluating all relevant factors.
A senior official said, “The decision will be based on cost efficiency and long-term sustainability of currency management.”
One of the key reasons behind the review is the high production and replacement cost of low-denomination banknotes. Due to frequent circulation, the Rs. 10 note wears out quickly, increasing printing expenses for the government.
The committee will also assess whether issuing a Rs. 10 coin would be a more economical and durable alternative compared to paper notes.
This development follows recent government steps toward currency redesign and modernization, including the approval to print new banknotes with updated designs. Many countries have already replaced low-value notes with coins to reduce long-term costs.
Once finalized, the committee’s report will be presented to the federal cabinet, which will take the final decision on the future of the Rs. 10 denomination.
