Sunday, December 10, 2017

Replacement Banknotes

A replacement banknote, commonly referred to as a star note, is a banknote that is printed to replace a faulty one and is used as a control mechanism for governments or monetary authorities to know the exact number of banknotes being printed. Also, since no two serial numbers can be the same, the banknote is simply reprinted with a symbol in the serial number, identifying it as a replacement for an error note. Replacement banknotes have different symbols to mark the error around the world, although the most popular examples are "star notes".

Initially Pakistan uses “*” or “**” in the serial prefix to denote the replacement banknote. As "X" was used in general series “XX” was used to denote the replacement banknote, and finally “X” or “x” in denominator is used to mark replacement banknotes.










6 comments:

Danish said...

Nice Article Thank you for sharing such information.
Software House

Unknown said...

Are Rs 100,500,1000 and 5000 also issued?

ASIANPAPERMONEY said...

IS THE 5 RUPEES WITH PREFIX LAX A REPLACEMENT NOTE? THKS

Iftikhar Ahmad said...

No, only letter X as a prefix or in the denominator is used for replacement banknotes.

ASIANPAPERMONEY said...

thank you very much for your very informative blog on Pakistan banknotes.

NAMEER said...

I HAVE ONE REPLACEMENT NOTE WITH X 20 RS NOTE