ISAMABAD: State Bank of Pakistan has announced that all old designed currency notes of 10, 50, 100 1000 would not be valid after November 30, 2016. SBP said in a statement that all old design banknotes shall cease to be legal tender on December 01, 2016 while last day to exchange all such banknotes from SBP BSC field offices was December 31, 2021.
SBP extended reminder that as per Federal Government’s Gazette Notification dated June 4, 2015, the old design banknotes would cease to be legal tender with effect from December 1, 2016.
In its press release, SBP has informed public with its decision of phasing out all remaining old design banknotes of Rs. 10, 50, 100 and 1000.
