Rs185bn fresh currency notes issued on Eid1 min read

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KARACHI: The State Bank on Monday said that fresh currency notes of Rs185 billion had been issued to meet people’s demand.

“To meet the demand for currency on the occasion of Eidul Azha, State Bank through the 16 field offices of its subsidiary SBP Banking Services Corporation (SBP BSC) issued fresh notes of Rs185 billion for Eidul Azha 2018 as compared to Rs168bn issued on previous Eidul Azha,” said a press release issued by the SBP.

Also Read: New notes being sold in black

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Out of the total fresh notes issued, Rs12bn of lower denomination (up to Rs100) fresh notes have been provided to commercial banks as compared to Rs8bn on last Eidul Azha, for onward distribution among general public and account holders.

(This news/article originally appeared in DAWN on August 21st , 2018)

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