SBP Reminds Everyone to Exchange Old Banknotes By December 31

The State Bank of Pakistan (SBP) has once again reminded everyone to get their old design large banknotes of Rs. 10, 50, 100, and 1000 exchanged before the end of the year (31 December 2022).

“The holders of these old design large banknotes have been given the last change to exchange these old design large size banknotes from the field offices of the SBP Banking Services Corporation (BSC) by 31st December 2022.” the central bank wrote in a notification.

It added that upon expiry of the given deadline, these banknotes shall no longer be exchangeable from the counters of the SBP BSC and thus will lose their value.

The SBP urged the general public to avail this final opportunity and get their holdings of these banknotes exchanged from SBP BSC Field Offices by 31st December 2022 and protect the value of thir savings in these banknotes.

Read more: Fact Check – SBP Has Not Stopped SadaPay International Payments.

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