The Pakistani rupee has declined about 7% in May, the steepest drop since March 2020, as the country negotiates a bailout package with the International Monetary Fund (IMF) and other nations to keep its economy afloat.
A picture of a 75 Rupees note went viral on social media claiming a new currency note of 75 rupees will be available in market soon.
(Screenshot from Facebook post)
(Widespread of the claim on internet)
We searched for keywords “SBP 75 rupee note” and found that news articles from various media sources reported State Bank of Pakistan will issue commemorative notes on the 75th Independence Day of Pakistan on 14th August 2022.
(Screenshot from ProPakistani website)
Commemorative currency is issued to commemorate some particular event or issue with a distinct design with reference to the occasion on which they were issued.
Our fact-check confirmed that the shared picture of the 75 Rupee note will not be issued in the market, but will be issued for a memorial of 75th Independence Day of Pakistan. Hoax is being spread to mislead people about the decline of Pakistani currency.
ABCDE Framework-Based Analysis
|Actor||Independent social media users are circulating fake news on the internet.|
|Behavior||A 75 rupees note soon to be available in the market is rumored.|
|Content||Social media posts.|
|Degree||The target audience was the general public. Pakistan is grappling with fast depleting foreign currency reserves, declining rupee and widening fiscal. This false claim created a hoax.|
|Effect||Circulating such news misleads the general public. Hoax is being spread to mislead people about the decline of Pakistani currency.|