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

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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 its subsidiary SBP Banking Services Corporation (SBP BSC) issued fresh notes of Rs. 185 billion for Eid-ul-Azha 2018 as compared to Rs.168 billion issued on 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 as compared to Rs. 8 billion on last Eid-ul-Azha, for onward distribution among general public and account holders.

Furthermore, Rs. 200 billion of fresh & good quality ATM notes of higher denomination (Rs. 500 & above) have been issued to commercial banks for smooth operations and availability of cash in ATMs during and before Eid holidays.