State Bank has issued new/fresh currency notes worth Rs350 billion for Eid-ul-Fitr – Research Snipers

State Bank has issued new/fresh currency notes worth Rs350 billion for Eid-ul-Fitr

State Bank of Pakistan (SBP) has issued new bills/notes worth Rs350 billion to commercial banks for the customers and public for the upcoming Eid.

Abid Qamar, SBP spokesperson said the statistics of the currency notes that have to be issued to customers on Eid-ul-Fitr 2018 will be released after the Eid.

However, he has added the last year’s figure and said last year SBP had released Rs342 billion worth of fresh currency notes to the commercial banks, customers, and the public.

However, the volume of fresh currency notes this year is expected to increase as compared to the previous year.

Earlier, it was reported that people would be able to get fresh currency notes from June 1, customers can now use the SMS service to book fresh currency notes and receive from their designated banks.