Rs100 coin not being issued in Pakistan

Karachi: Multiple Facebook posts have recently claimed that the government of Pakistan will soon be launching Rs100 coin.

Some local websites have also made the same claims by quoting unknown sources that the Rs100 coin is in the offing.

A website went on to claim that the coin will be launched on Pakistan’s Independence Day but it proved to be incorrect.

After coming across such reports, social media users have criticized the government and blamed its economic policies which allegedly forced it to issue Rs100 coin. They said coin of such a denomination is a sign of weakening economy and increasing inflation.

The reports of government issuing Rs100 coin are false since the government has not announced any such plans.

The State Bank of Pakistan has also not issued any statement in this regard.