The State Bank of Pakistan (SBP), through 16 field offices of its subsidiary SBP Banking Services Corporation (SBP BSC), issued fresh banknotes of various denominations aggregating to Rs 284 billion, including Rs 274 billion via commercial banks and Rs 10 billion via cash counters of SBP BSC, during days leading to Eidul Azha.

Out of the total notes issued to commercial banks, some Rs 12 billion of lower denominations (upto Rs 100) fresh notes were provided for onward distribution among general public and account holders. SBP BSC has also provided a sufficient quantity of fresh & good quality notes of higher denominations to commercial banks for smooth ATM operations during the Eid Holidays.

In this regard, special teams of SBP and SBP BSC officials will inspect and monitor the working of ATMs across Pakistan to ensure uninterrupted availability of cash to the general public during the Eid holidays.

Copyright Business Recorder, 2019