Last date extended to exchange old banknotes: SBP State Bank of Pakistan

Last date extended to exchange old banknotes: SBP

KARACHI:  The State Bank of Pakistan (SBP) on Friday said the federal government has extended the last date for exchanging old banknotes.

In a statement, the central bank said that on the recommendations of the SBP and to facilitate the general public the government decided to extend the date up to December 31, 2022 to exchange the old banknotes of Rs10, 50, 100 and 1,000 till December 31, 2022.

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The central bank said that the government had decided to extend the date on recommendations of the SBP to facilitate public.

Previously, the last date for exchange of old notes was December 31, 2021. As per the Federal Government’s Gazette Notification dated December 23, 2021, upon expiry of the period, the old design banknotes will stand cancelled, and will not be exchangeable.

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It is emphasized here that this is the final extension in the date of exchange of these banknotes granted by the Federal Government and public is advised to avail this opportunity and exchange their old design banknotes through SBP BSC Offices till December 31, 2022.

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