State Bank of Pakistan strongly reacts over media reports linked with Rs 500 currency Notes
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ISLAMABAD - State Bank of Pakistan strongly reacts over media reports linked with Rs 500 currency notes Record.
The State Bank of Pakistan (SBP) has refuted media reports that it has lost the record of old design Rs. 500 currency notes which were demonetized in 2012.
In an official statement, the SBP said:
The SBP categorically denies and rejects the media reports regarding the unavailability of the record of old design Rs.500 banknotes demonetized in Oct 2012.
The regulator said that the destruction of banknotes is a continuous activity which is carried out at field offices of SBPBSC across the country. “The record for the same is available in respective field offices,” it added.
The central bank claimed that the confusion started when an audit team recently visited the field offices of SBPBSC and assumed that the record present there was all the record available with the bank, which is factually incorrect.
It explained that the SBP has over 16 field offices of SBPBSC across the country, and each office has the relevant record of destructed banknotes.
