close
Sunday May 22, 2022

Eid 2022: When will SBP issue fresh currency notes?

SBP sources say a policy about new currency notes will be unveiled after the 15th of Ramadan

April 13, 2022
A forex dealer holding fresh currency notes. — APP/File
A forex dealer holding fresh currency notes. — APP/File

KARACHI: Every year the State Bank of Pakistan (SBP) issues fresh currency notes during Ramazan ahead of Eid-ul-Fitr but the policy has not been announced for the current season, leaving the people guessing.

The SBP has started issuing new currency notes to its employees and pensioners. In the years 2020 and 2021, due to coronavirus restrictions, fresh currency notes were not issued directly to the citizens by the central bank.

Over the past two years, the SBP had provided new banknotes to commercial banks which were then issued to the citizens. However, after the lifting of the COVID-19 restriction, the public is waiting for an announcement in this regard.

According to the SBP sources, the policy will be unveiled after the 15th of Ramadan.