Home »Top Stories » NIFT and SBP sign agreement

NIFT has signed an agreement with SBP Banking Services Corporation to establish a modern banknote processing centre at the Cash Sorting Cell for itself and the commercial banks, said a press release here on Wednesday.

NIFT has set up a modern state of the art facility at SBP, BSC Karachi office, which processes currency notes of all denominations to identify and segregate counterfeits, soiled and graffiti etc (non-issuable notes), ATM fit and reissuable notes.

This facility will also extend support to the SBP's drive under clean note policy by incorporating packeting and bundling methods in line with countries of developed world. For more related information visit:www.nift.com.pk.-PR

Copyright Business Recorder, 2005


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