As per report SBP has announced an art competition for artists designers and students to participate in new currency notes .The participants can demonstrate their creative ideas on various theme like national symbols , social and cultural identities, economic development, architectural heritage, demographic diversity, climate change, environmental protection, natural landscapes.
The contest will evaluate designs for all seven existing denominations [ Rs10, 20, 50, 100, 500, 1000, and 5000].The top three designs will receive the prize of Rs. 1,000,000, Rs. 500,000, and Rs. 300,000, respectively.
- The participants shall assure that their designs are free from any copyright claims or another liability.
- . After the submission of designs in the art competition the design will be the sole property of SBP and SBP will have the authority to share the designs or any modification thereof with the banknote designers for designing, without any other compensation.
- The designs of each note 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 colors of each design should be unique and recognizable.
- The deadline to submit the designs is 11th march. SBP intends to complete the process within the next 2 years.
