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SBP clarifies authenticity of Rs500 banknotes without OVI feature

KARACHI: The State Bank of Pakistan (SBP) has clarified that Rs500 notes with and without Optical Variable Ink (OVI) flag both are authentic. The clarification came against the rumors circulating on social media regarding authenticity of Rs500 banknotes. It may be recalled that the SBP had introduced new design banknotes of Rs 500 in 2006. These banknotes carry state of the art security features, besides, change in size, design and color scheme. Later on another security feature, the color shifting flag made of OVI…