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    Bilal Ahmed
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    The State Bank of Pakistan provided Rs. 360 billion in fresh banknotes, including Rs. 61 billion in denominations of Rs. 100 or below, to the public via banks' cash counters and an SMS service before Eid-ul-Fitr 2019. Over Rs. 54 billion were issued through the SMS service, which was available in 142 cities through more than 1,700 bank branches and 16 State Bank field offices, serving more than 3 million people. The State Bank also issued fresh higher denomination notes to banks to ensure smooth ATM operations during the Eid holidays, which special teams will monitor to ensure continued cash availability.

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    The State Bank of Pakistan provided Rs. 360 billion in fresh banknotes, including Rs. 61 billion in denominations of Rs. 100 or below, to the public via banks' cash counters and an SMS service before Eid-ul-Fitr 2019. Over Rs. 54 billion were issued through the SMS service, which was available in 142 cities through more than 1,700 bank branches and 16 State Bank field offices, serving more than 3 million people. The State Bank also issued fresh higher denomination notes to banks to ensure smooth ATM operations during the Eid holidays, which special teams will monitor to ensure continued cash availability.

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    11 views1 page

    External Relations: Department

    Uploaded by

    Bilal Ahmed
    The State Bank of Pakistan provided Rs. 360 billion in fresh banknotes, including Rs. 61 billion in denominations of Rs. 100 or below, to the public via banks' cash counters and an SMS service before Eid-ul-Fitr 2019. Over Rs. 54 billion were issued through the SMS service, which was available in 142 cities through more than 1,700 bank branches and 16 State Bank field offices, serving more than 3 million people. The State Bank also issued fresh higher denomination notes to banks to ensure smooth ATM operations during the Eid holidays, which special teams will monitor to ensure continued cash availability.

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    External Relations Department

    ERD/M&PRD/PR/01/2019-51 June 3, 2019

    Fresh currency note issuance on Eid-ul-Fitr 2019

    The State Bank of Pakistan (SBP), through 16 field offices of its subsidiary SBP-Banking Services
    Corporation (SBP-BSC), provided fresh banknotes of various denominations aggregating to Rs. 360
    billion, including Rs. 61 billion of Rs.100 and below denominations, via cash counters of banks and SMS
    service (8877) to general public during Ramazan.

    Out of Rs.61 billion, Rs. 54 billion were issued through the SMS service which was available in 142 cities
    through more than 1,700 commercial bank branches and 16 field offices of SBP BSC. The service catered
    to more than 3 million people before Eid-ul-Fitr.

    State Bank has also issued a sufficient quantity of fresh notes of higher denominations to banks for
    smooth ATM operations during the Eid Holidays. In this regard, special teams of SBP and SBP BSC
    officials shall inspect and monitor the working of ATMs across Pakistan to ensure uninterrupted
    availability of cash to the general public during the Eid holidays.

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