State Bank of Pakistan has made it clear that the Rs.500 currency notes without OVI (Optical Variable Ink) are legal. The central bank has issued this necessary clarification, when some social media reports about the authenticity of the Rs.500 notes without OVI flag were raised.
The central bank made it clear that the new design of the Rs.500 bank notes were introduced in 2006 and the bank notes have the state of the art security features, change in size, color scheme and design. Another security feature shows that the color shifting flag made of Optical Variable Ink enhanced the anti counterfeiting resilience and convenience in the identification by general public.
Now the bank notes of Rs.500 is available in both types like the bank notes issued during 2006-2009 did not have OVI and the bank notes issued w.e.f 25 January 2010, they have OVI features. The Central Bank clarified for the benefit of the general public that the new design of the bank notes of Rs.500 with and without OVI flag is genuine and legitimate and all other features of the bank notes are intact. It is encouraged to everyone that they should learn more about the security features in Pakistani bank notes through the official website of SBP.