The State Bank of Pakistan (SBP) issued fresh banknotes of Rs 168 billion on Eid-ul-Azha 2017. According to SBP, to meet the increasing demand for fresh banknotes on the occasion of Eid-ul-Azha SBP Banking Services Corporation (SBP BSC) made elaborate arrangements with a focus to cover maximum stakeholders including the general public.
The SBP has issued fresh banknotes of Rs 168 billion as compared to Rs 161 billion issued on previous Eid-ul-Azha. This included lower denomination notes (up to Rs 100) of Rs 8 billion and higher denomination banknotes (Rs 500 and above) of Rs 160 billion, which is meant for heavy payments & ATM needs of commercial banks. To ensure maximum issuance, all 16 field offices of the SBP BSC issued fresh notes to the general public from its counters before Eid-ul-Azha.
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