State Bank of Pakistan (SBP) has initiated the process for designing and issuing a New Banknotes Series of all existing denominations.
It is an established practice of central banks to introduce new banknote series after every fifteen to twenty years to secure the integrity of banknotes and align them with the latest technological developments in the banknotes design and security features.
Ever notice how bills wear out after years of changing hands? Well, the State Bank of Pakistan (SBP) is giving our beloved rupees a makeover! They’re designing a brand new series of banknotes, and guess what? They want you to help!
That’s right, artists, designers, and art students across Pakistan, this is your chance to become a national star by creating the face of the next generation of rupees. The SBP is hosting an Art Competition to find the most innovative and thematic designs for all seven denominations of our currency.
From mountains to monuments, history to heroes, let your imagination run wild! The judges are looking for designs that capture the essence of Pakistan, celebrating our diverse culture, stunning landscapes, and inspiring symbols.
Imagine showcasing the mighty Indus, the vibrant bazaars, or the historic site of Harappa on the new notes. Or you may want to highlight important moments in our history or pay tribute to national heroes. Whatever your vision, make it unique and unforgettable.
Ready to win big? The top three designs for each denomination will walk away with exciting cash prizes. Plus, your artwork could be featured on millions of banknotes, becoming a part of everyday life in Pakistan.
All existing bank notes will remain in circulation even after the issuance of new series.
Art Competition For New Bank Note Designs
As part of the initial process of designing the new banknote series, the SBP is organizing an Art
Competition to have innovative and thematic design ideas for the new banknote series. The local
artists, designers and art students can send their designs to SBP by 11th March 2024. The top three
designs for each of the existing seven denominations will be recognized and awarded cash prizes.
So, grab your pencils, gather your inspiration, and let your creativity flow! Submit your designs by March 11th, 2024, and be a part of this historic moment. Who knows, your design might just become the next face of Pakistan’s currency.
Terms & Conditions For Art Competition
- The Participants can share design of all the seven (07) existing denominations (Rs. 10, 20, 50,
- 100, 500, 1000 and 5000) or fewer denominations based on their choice.
- b) Design for each banknote shall be presented in hard copy on white paper along with a write-
- up of not more than hundred words in English or Urdu, explaining the design and its theme.
- c) The colours of each banknote denomination should be unique and easily distinguishable.
- d) A Jury comprising reputed artists will evaluate the designs and recommend the top six (06)
- designs for each denomination to the SBP for picking the top 3 designs of each denomination.
- e) The first, second and third designs of each denomination will be given the prize of
- Rs.1,000,000/-, Rs.500,000/- and Rs.300,000/- respectively.
- f) The participants shall ensure that their submitted designs are free from any copyright claims
- and/or any liabilities.
- g) The members of the Jury, SBP and its subsidiaries employees and their family members shall
- not be eligible to participate in the Art Competition.
- h) The designs submitted in the Art Competition will be sole property of the SBP and the SBP will
- be at liberty to share the design or any modification thereof with the banknote designers for
- the purpose of banknotes designing, without any extra compensation.
- i) For any questions and clarifications about the Art Competition, please contact us at [email protected]
