Rs185 billion fresh currency notes issued on Eid

byCT Report

21/08/2018

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KARACHI: The State Bank has 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 Rs168 billion issued on previous Eidul Azha,” said a press release issued by the SBP.

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Out of the total fresh notes issued, Rs12 billion of lower denomination (up to Rs100) fresh notes have been provided to commercial banks as compared to Rs8 billion on last Eidul Azha, for onward distribution among general public and account holders.

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