SBP announces to demonetize all old design banknotes by end of 2016

KARACHI: The State Bank of Pakistan (SBP) has decided to phase out all old-designed currency notes till the end of this year.
According to details, the SBP has issued a notification as per direction of the federal government.  Previously, Rs. 5 currency notes and the old designed Rs. 500 notes were demonetized.
The SBP said that now all the remaining old-designed notes of Rs. 10, 50, 100 and 1,000 will be demonetized.


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