The State Bank of Pakistan (SBP) has informed the public that old designlarge-size banknotes could not be exchanged after December 31, 2022.
According to a press statement issued by the State Bank on Tuesday, thefederal government vide Gazette Notification F.No.2(1)IF-III/2010 datedDecember 23, 2021, had extended the last date for exchange of old designlarge-size banknotes of Rs10, 50, 100 and 1000 by one year.
“The holders of these old design large banknotes have been given the lastchance to exchange these old design large size banknotes from the fieldoffices of the SBP Banking Services Corporation (BSC) by 31st December2022,” the statement added.
It is once again emphasized that this is the last and final deadline forexchange of such banknotes, upon expiry of which, these banknotes would nolonger be exchangeable from the counters of the SBP BSC and thus will losetheir value.
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The general public is therefore, requested to avail this final opportunityand get their holdings of these banknotes exchanged from SBP BSC FieldOffices by December 31, 2022 and protect the value of their savings inthese banknotes, the statement added.
