The State Bank of Pakistan (SBP) has firmly denied the rumor regarding the demonetization of the Rs. 75 commemorative banknotes.
During Eid ul Fitr, several shopkeepers across the country declined to accept Rs. 75 notes, which sparked speculations about the demonetization of the banknote.
In a video message posted on the central bank’s official Twitter handle, SBP spokesperson Abid Qamar clarified that the commemorative banknote is legally valid, just like any other currency note.
He also emphasized that the Rs. 75 banknote was issued last year to celebrate the country’s 75 years of independence.
He added:
The SBP issues all currency notes under Section 25 of its Act. The Rs. 75 commemorative banknote has no expiration date and can be used in all transactions.
He also refuted the false rumors that the government has terminated or withdrawn the banknote.
Agar koe shopkeeper nahi leta ye note to osky khelaf official koe complaint ho sakti hain ?
Rawalpindi Metro Also not accepting it
Yes, we are sorry. We don’t accept 75 PKR note.
Not koi nai ly raha
75 rupy ki not koi nai lta
One shopkeeper even told me that Banks are not accepting these notes, that is why shopkeepers have no choice but to reject the 75 note. Govt. must ask bank to put notices in all branch about the acceptance of this controversial note.