State Bank of Pakistan 05th September , 2024 Art Competition for New Series of Banknotes – Results Announced State Bank of Pakistan is pleased to announce the results of an art competition for the design of the new series of notes. The local artists and designers participating in the competition are to be commended for expressing their creativity on this important occasion. Description is in capital letters selected for prize money. The shortlisted designs are purely symbolic and suggestive in nature and these designs are being sent to international designers who have been shortlisted to work with the State Bank of Pakistan and finalize the designs for the new note series. Full-stop international designers will be guided by the above designs given by local artists, so we will be free to use our own skills and imagination to create the final design. Full-stop State Bank will ensure that the new notes The series reflects the nation’s rich cultural vocabulary and progressive outlook. It is hoped that the final design will fully reflect this collaboration. Winners will be awarded prize money as announced by participating in this important national project. Details of the prize distribution ceremony will be communicated soon. Congratulations again and thank you to everyone who participated in this contest. Ealier: Earlier State Bank Announced an Art Competition for New Banknote Series Last date of entries was April 18, 2024 State Bank of Pakistan (SBP) has initiated the process for issuance of a new banknote series. To have innovative and thematic design ideas for the new series banknotes, an Art Competition is being organized. The local artists, designers and art students/designers are eligible to participate in the Art Competition. The participants may develop the designs on the themes, including but not limited to: Terms and Conditions: The Art Competition will be conducted under the following terms and conditions:- 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. 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. The colours of each banknote denomination should be unique and easily distinguishable. 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. The first, second and third designs of each denomination will be given the prize of RS.1,000,000/- Rs.500,000/- Rs.300,000/- respectively. The participants shall ensure that their submitted designs are free from any copyright claims and/or any liabilities. The members of the Jury, SBP and its subsidiaries employees and their family members shall not be eligible to participate in the Art Competition. 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. For any questions and clarifications about the Art Competition, please contact us at banknotes@sbp.org.pk.
