SBP denies rumors of issuing new design of banknotes

News Image

MG News | August 28, 2018 at 05:37 PM GMT+05:00

0:00

In reference to the news items circulating in the social media regarding the issuance of a new design of banknotes of different denominations, the SBP categorically and vehemently denied and rejected all such news items. There is no plan whatsoever to issue new design banknotes in the near future, it said.
 
It has further been clarified that the SBP Act, 1956 clearly delineates the functions of different authorities in the matter of selection of the design and form of banknotes.

Specifically, section 27 of the Act requires a recommendation of Board of Directors of SBP before the Federal Government makes any decision concerning design, form, and material of the banknotes. The SBP Board has not submitted any recommendation in this respect, to Federal Government or the Cabinet, SBP clarified on Tuesday.

Warning the public, it requested it to pay no heed to such rumor-mongering which is aimed at creating unnecessary hype and anxiety in the general public.

Related News

Name Price/Vol %Chg/NChg
KSE100 133,782.35
325.79M
0.91%
1205.36
ALLSHR 83,615.82
940.14M
0.76%
632.14
KSE30 40,681.77
65.23M
0.80%
322.98
KMI30 191,640.88
61.56M
0.48%
913.56
KMIALLSHR 55,891.51
405.64M
0.35%
193.03
BKTi 36,988.68
20.05M
2.06%
746.62
OGTi 28,181.50
5.52M
-0.50%
-141.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,390.00 112,170.00
111,190.00
-855.00
-0.76%
BRENT CRUDE 69.15 70.48
69.08
-1.04
-1.48%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.00
1.04%
ROTTERDAM COAL MONTHLY 109.00 110.00
109.00
1.25
1.16%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.14 68.65
67.07
-1.24
-1.81%
SUGAR #11 WORLD 16.41 16.56
16.27
-0.15
-0.91%

Chart of the Day


Latest News
July 10, 2025 at 05:14 PM GMT+05:00

Car sales rise 64% in June 2025


July 10, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan rises Rs3,200 per tola


July 10, 2025 at 04:33 PM GMT+05:00

PSX Closing Bell: El Toro


July 10, 2025 at 04:33 PM GMT+05:00

PKR weakens by 10 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg