SBP rejects rumors about discontinuation of Rs.5000 banknotes Apropos the rumors circulating on social media regarding discontinuation of Rs.5000 banknote, SBP categorically rejects all such rumors and requests the general public to pay no heed to such disinformation. It is further clarified that SBP Act, 1956 clearly defines the roles and responsibilities of different institutions more

The State Bank Tuesday categorically rejected news regarding issuance of new currency notes bearing various denominations. “There is no plan whatsoever to issue new-design banknotes in the near future,” the central bank said in a statement. It clarified that the SBP Act, 1956 clearly delineates the functions of different authorities in the matter of selection more

The State Bank of Pakistan (SBP) will announce its monetary policy for next two months on May 25. The central bank will announce this policy through a statement, instead of press conference, said a SBP statement on Tuesday. Meanwhile, the SBP has announced that it will issue fresh currency notes to general public from June more

SBP denies rumors of issuing Rs.10,000 Banknote. The State Bank of Pakistan categorically denies the news item circulating in a section of social media regarding issuance of Rs.10, 000 banknote. The existing banknote denominations satisfactorily meet the payment, settlement and other allied needs of the economy and thus there is no need for issuing higher more