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State Bank of Pakistan issues fresh notes worth Rs 185 billion for Eid ul Azha

State Bank of Pakistan issues fresh notes worth Rs 185 billion for Eid ul Azha

ISLAMABAD – State Bank of Pakistan through its 16 field offices of itssubsidiary SBP Banking Services Corporation (SBP BSC) issued fresh notes ofRs. 185 billion for Eid-ul-Azha 2018 as compared to Rs.168 billion issuedon previous Eid-ul-Azha.

Out of the total fresh notes issued, Rs. 12 billion of lower denomination(upto Rs. 100) fresh notes have been provided to commercial banks ascompared to Rs. 8 billion on last Eid-ul-Azha, for onward distributionamong general public and account holders.

Furthermore, Rs. 200 billion of fresh & good quality ATM notes of higherdenomination (Rs. 500 & above) have been issued to commercial banks forsmooth operations and availability of cash in ATMs during and before Eidholidays.