KARACHI: State Bank of Pakistan (SBP) will issue bank notes bearing signature of SBP Governor Dr. Reza Baqir from August 30, 2019.
A statement issued by the central bank on Thursday said that it will start issuing banknotes bearing the signature of SBP Governor Dr. Reza Baqir with effect from August 30, 2019 from the field offices of SBP Banking Services Corporation.
The banknotes bearing the signatures of his predecessors will continue to remain in circulation as legal tender, the SBP said.
Dr. Reza Baqir on May 05, 2019 assumed the charge of Governor State Bank of Pakistan after President of Pakistan appointed him as Governor State Bank of Pakistan for a period of three years in pursuance of Section 10(3) of the State Bank of Pakistan Act 1956.
Dr. Reza Baqir has eighteen years of experience with the IMF and two years with the World Bank.
He was the Head of the IMF’s Office in Egypt and Senior Resident Representative since August 2017.
He has also held positions as IMF Mission Chief for Romania and Bulgaria, Division Chief of the IMF’s Debt Policy Division, Head of the IMF delegation to the Paris Club, Deputy Division Chief of the IMF’s Emerging Markets Division, IMF Resident Representative to the Philippines, and numerous other positions.
Dr. Baqir’s research has been published in top journals of the economics profession, including the Journal of Political Economy and the Quarterly Journal of Economics.
Dr. Baqir holds a Ph.D in Economics from the University of California at Berkeley and an A.B. (Magna cum Laude) in Economics from Harvard University.
