Pakistan injects fresh currency

The State Bank of Pakistan’s (SBP) Banking Services Corporation has issued fresh currency notes worth Rs114.23 billion to commercial banks in the country during the month of Ramadan. The corporation’s field offices issued fresh notes of Rs10, Rs20, Rs50, Rs100, Rs500, Rs1,000 and Rs5,000 denominations amounting to Rs3.50 billion, Rs1.95 billion, Rs2.85 billion, Rs7.63 billion, Rs27.25 billion, Rs67.28 billion and Rs3.77 billion respectively. The corporation fully utilised the large network of over 10,000 branches of commercial banks for distribution of fresh notes to general public during the month. from:Gulftoday