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Home Business

SBP to NOT issue Fresh Bank Notes on Eid-ul-Fitr 2020

by Ali Gulrez
May 4, 2020
in Business
Reading Time: 2 mins read
A A
Fresh Bank Notes

State Bank of Pakistan (SBP) to not issue fresh bank notes on Eid-ul-Fitr 2020.

KARACHI: The Currency Management Department of the State Bank of Pakistan (SBP) has issued a notification stating that Fresh Bank Notes will not be issued on the occasion of Eid-ul-Fitr 2020.

Based on the notification issued a meeting was held by the COVID-19 committee chaired by the Director General Banking and FMRM on 29 April 2020 where it was decided that Fresh Bank Notes will NOT be issued on the occasion Eid-ul-Fitr 2020.

According to notice, this decision is in line with other measures taken to control the spread of the coronavirus outbreak.

Fresh Bank Notes
State Bank of Pakistan (SBP) notification regarding issuance of fresh bank notes on Eid-ul-Fitr 2020.

Read more: Govt to gradually ease lockdown in Pakistan: PM Khan.

Follow INCPAK on Facebook / Twitter / Instagram  for update.

Tags: coronaviruscoronavirus pandemicCovid-19COVID19Eid-ul-FitrFeaturedFresh Bank NotesSBPState Bank of Pakistan
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Comments 1

  1. Anonymous says:
    5 years ago

    What a pathetic decision by SBP of not issuing new currency notes on Eid due to fear of spread of Corona. First of all it is still questionable whether currency notes can spread corona virus. Even if it is true then old currency notes will be more responsible for spreading corona because they have passed to more hands than new one. One more decision of State Bank during Ramadan will be causing more spread of Corona by restricting public hours to 10 to 1:30 which is causing long ques in banks. What a nation we are?

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