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Tuesday October 08, 2024

SBP announces winners of banknote design competition

Central bank says evaluation process conducted by committee of experts was “rigorous”

By Business Desk
September 06, 2024
The second place winner of the Rs500 note designed by Hadiya Hassan for the art competition for the new banknote series. — SBP
The second place winner of the Rs500 note designed by Hadiya Hassan for the art competition for the new banknote series. — SBP

The State Bank of Pakistan has revealed winners of the art competition for the new banknote series. 

The art contest by SBP was announced in March to have “innovative and thematic design ideas” for the new currency notes. 

In a statement, the central bank congratulated the winners of the competition along with the participants. 

“The State Bank of Pakistan (SBP) is pleased to announce the successful conclusion of the art competition for the designs of the new banknote series. We appreciate the local artists and designers who participated in the competition showcasing their creativity and talent in this important endeavour,” read the statement.

Most of the designers have incorporated the founder of Pakistan, Quaid-e-Azam Muhammad Ali Jinnah in their version of the notes.

Some have even included pictures of the sister of the founder, Fatima Ali Jinnah who is regarded as the "Mother of Nation".

Revealing the winners, the SBP stated that the evaluation process conducted by a committee of experts was “rigorous”.

The first place winner of the Rs10 note denomination was Dr Shery Abidi whereas Mirza Sufiyan came second for designing the same currency note.

The first place winner of the Rs10 note designed by Dr Shery Abidi. — SBP
The first place winner of the Rs10 note designed by Dr Shery Abidi. — SBP
The second place winner of the Rs10 note designed by Mirza Sufiyan. — SBP
The second place winner of the Rs10 note designed by Mirza Sufiyan. — SBP

Likewise, Haroon Khan also won the 1st prize for designing the Rs20 note while Syed Fawad Hussain was declared the winner of the Rs50 denomination.

The second place winner of the Rs20 note designed by Haroon Khan. — SBP
The second place winner of the Rs20 note designed by Haroon Khan. — SBP
The second place winner of the Rs50 note designed by Syed Fawad Hussain. — SBP
The second place winner of the Rs50 note designed by Syed Fawad Hussain. — SBP

The Rs500 notes’ first place winner was Hadiya Hassan and the second place was awarded to Aynee Zahra.

The second place winner of the Rs500 note designed by Hadiya Hassan. — SBP
The second place winner of the Rs500 note designed by Hadiya Hassan. — SBP
The second place winner of the Rs500 note designed by Aynee Zahra. — SBP
The second place winner of the Rs500 note designed by Aynee Zahra. — SBP

The thousand rupees note art by Noureen Aslam secured first place in the competition.

 
The second place winner of the Rs1000 note designed by Noureen Aslam. — SBP
The second place winner of the Rs1000 note designed by Noureen Aslam. — SBP

Only one artist in the notes competition won in two denominations and it was Memoona Afzal who secured first place in the Rs100 and Rs5000 categories.

The second place winner of the Rs5000 note designed by Memoona Afzal. — SBP
The second place winner of the Rs5000 note designed by Memoona Afzal. — SBP
The second place winner of the Rs100 note designed by Memoona Afzal. — SBP
The second place winner of the Rs100 note designed by Memoona Afzal. — SBP

The second prize in the Rs5000 note category was awarded to Karim Muhammad.

The second place winner of the Rs5000 note designed by Karim Muhammad. — SBP
The second place winner of the Rs5000 note designed by Karim Muhammad. — SBP

Acknowledging the artistic designs, the statement from the SBP further stated that the “shortlisted designs are suggestive in nature” and “are being shared with international designers who have been shortlisted to work with SBP and finalise designs for the new banknote series.”

However, the bank assures that foreign designers can draw inspiration from local designs and will be free to implement their imagination and visions to create the final designs for the banknote series.

The SBP assures that the new currency notes will reflect “the rich cultural heritage and progressive vision of our nation, and hopes the final designs fully reflect this collaborative effort.”