The State Bank of Pakistan (SBP), through 16 field offices of its subsidiary SBP Banking Services Corporation (SBP BSC), has 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 Eid-ul-Azha.
Out of the total notes issued to commercial banks, Rs. 12 billion of lower denominations (up to Rs.100), fresh notes have been provided for distribution among general public and account holders.
SBP BSC has also provided a sufficient quantity of fresh & good quality ATM 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 shall inspect and monitor the working of ATMs across Pakistan to ensure uninterrupted availability of cash to the general public during the Eid holidays.
The central bank did not launch the SMS-based service for the distribution of fresh currency notes this year on Eid-ul-Azha.