Pakistan, Sept. 18 -- The State Bank of Pakistan (SBP) has rejected social media reports about the withdrawal of the Rs10 banknote. The central bank said no deadline exists for discontinuing the denomination. It described the circulating claims as baseless and without substance.

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The SBP said it has proposed introducing a new series of banknotes. The Federal Cabinet is currently considering the proposal, according to the central bank. However, officials have not made any decision to replace or discontinue any denomination.

The central bank also addressed claims about a final date for exchanging Rs10 notes. It said authorities would announce any future decision through off...