Reacting to the rumours circulating in some sections of society about the demonetisation of the Rs75 commemorative banknote, the State Bank of Pakistan (SBP) on Friday clarified that the commemorative banknote has no expiry date and can be used in all transactions.
SBP’s spokesperson Abid Qamar — in a video message shared on the central bank's Twitter handle — said that the Rs75 banknote has legal status just like other currency notes.
He noted that the Rs75 commemorative banknote was issued last year to mark the country’s 75 years of independence.
“The SBP issues all currency notes under Section 25 of its Act,” he added.
The spokesperson said that the Rs75 commemorative banknote is a legal tender and can be used as a medium of exchange in all transactions.
He further said that there is no truth to the rumours claiming that the government has discontinued or withdrawn the banknote.
It is pertinent to mention here that the shopkeepers refused to receive Rs75 notes in most parts of the country amid Eid ul Fitr, triggering rumours about the demonetisation of the banknote.
India says Russian oil contracts are long-term, can't be halted abruptly
Decision made after securing a discount in international market, says ministry
SPI inflation decreased by 0.9% year-on-year in July as compared to decrease of 1.9%
Benchmark index gains 1,433.73 points, or 1.03%, to reach intraday high of 140,824.15,
US president announces range of new tariffs due to take effect in one week on most trading partners
Executive order says goods from all other countries not listed in annex would be subject to 10% US tariff rate
