SBP issues statement on misprinted banknotes
- 13-Mar-2024
KARACHI: Responding to the recent controversy about the half-printed banknotes, the State Bank of Pakistan (SBP) on Wednesday said internal controls are being “further strengthened” while the system in place is “still susceptible to a margin of error”. The response comes a day after National Bank branch in Karachi reportedly received a few currency notes […]
Bank of England unveils first notes featuring King Charles
- 20-Dec-2022
The Bank of England unveiled its first bank notes featuring King Charles on Tuesday, which will enter into circulation from the middle of 2024 to gradually replace those featuring his mother Queen Elizabeth. Charles became king in September following Queen Elizabeth’s death after 70 years on the throne. The new five-, 10-, 20- and 50-pound […]
SBP rejects rumours about discontinuation of Rs.5000 banknotes
- 10-Sep-2018
KARACHI: State Bank of Pakistan (SBP) has dismissed rumours circulating on social media regarding discontinuation of the Rs.5000 banknote and requested 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 including SBP for issuance, circulation and demonetisation […]
State Bank announces demonetization of old bank notes by Nov 30
- 05-Oct-2016
KARACHI: State Bank of Pakistan (SBP) has decided to phase out all remaining old design currency notes of Rs. 10, 50, 100 and 1000. According to a press release by SBP, the old design banknotes will cease to be legal tender with effect from 1st December 2016 and the central bank has decided to phase […]