Both Blue and Green color Banknotes of Rs 75 are Legal tender, Clarifies SBP

State Bank of Pakistan (SBP) has issued a clarification that Rs. 75 banknotes are legal tenders under Section 25 of the State Bank of Pakistan Act, 1956.

“All banknotes including commemorative notes issued by SBP are legal tender everywhere in Pakistan for the amount expressed therein and carry the guarantee of the Federal Government.” the SBP stated.

“It is therefore notified for the information of public that banknote of Rs.75 (predominantly green) issued on August 14, 2022 to commemorative 75 years of Pakistan’s Independence and banknote of Rs.75 (predominantly blue) issued on July 04,2023 to mark 75 years of SBP’s inception are legal tender across Pakistan.” the central added.

These banknotes are equally eligible to perform the function of medium of exchange i.e. for settlement of private and public obligations. Besides, SBP and all commercial banks shall issue to, and accept from, public, these banknotes.

The clarification comes amid reports by social media users that banknotes of Rs. 75 were not being accepted as retailers and shop keepers were of the view that these were not meant to be used publicly.

Moreover, information about the designs and security features of the SBP banknotes may be obtained from SBP website at https://www.sbp.org.pk/finance/Pak.asp.

Read more: FBR Urges People to Buy Products With Their Tax Stamp Only.

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