KARACHI: The State Financial institution of Pakistan on Monday validated Rs500 banknotes with out Optical Variable Ink (OVI) flag, dispelling doubts concerning the authenticity of such notes.
The doubts concerning the authenticity of those banknotes emerged from some social media studies.
The central financial institution, nevertheless, dispelled this sense of uncertainty amongst plenty stating that from 2006 to 2009, Rs500 notes have been issued with out the OVI flag function.
The OVI is an anti-counterfeiting measure used on many main trendy banknotes, in addition to on different official paperwork, which shows two distinct colours relying on the angle the invoice is seen at.
The State Financial institution had launched new design banknotes of Rs 500 in 2006.
The SBP stated that it had added the OVI flag function to already present security measures on the notes from January 25, 2010.
“The colour shifting flag manufactured from Optical Variable Ink (OVI) was added to reinforce the anti-counterfeiting resilience and ease in identification by most of the people,” it stated in a press assertion.
This, nevertheless, resulted in availability of each kinds of Rs 500 banknotes, the assertion added.
“It’s, subsequently, clarified for advantage of all involved that new design banknotes of Rs500, with and with out OVI flag, are real offered all different security measures are intact,” the SBP stated.
The central financial institution additional urged plenty to study extra concerning the security measures in Pakistani banknotes via part in SBP web site titled “Rupay ko Pehchano”.
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