SBP BSC shall also start issuing new notes to the general public

KARACHI: State Bank of Pakistan has resolved to further facilitate issuance of fresh currency notes to the general public during ongoing month of Ramazan.

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On Wednesday, for the purpose the field offices of SBP BSC shall also start issuing new notes to the general public from its counters from Thursday, July 24, 2014 (Thursday) till the final working day of Ramazan, says a statement published by the Central Bank. Under the arrangements, each member of the public will be issued up to three packets of Rs. 10/- and one packet each of Rs. 20, Rs.50 and Rs. 100 of fresh notes opposed to the exchange value subject to production of  their original CNIC/ Smart card only at the counter.

For now, per person quota from 150 designated branches of commercial banks has also been increased to 2 bundles each of Rs10 and Rs 20 and 1 bundle each of Rs 50 and Rs 100.  It may be added that option July 22, 2014, an amount of Rs 87.0 Billion has been released to commercial banks for distribution to the general public and their customers.

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