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No Fresh Currency Notes this Eid ul Fitr, Announces SBP

New currency notes won’t be issued on Eid due to Pakistan’s economy.

According to the central bank, on the occasion of Eid ul Fitr. The public could earlier order the new currency notes through SMS, but this time they will not be printed.

In Pakistan, elderly relatives use fresh currency notes to give Eidi to children on the occasion of the festival.

Click here to read in Urdu

The State Bank has not given any justification for the decision, but it was done at a time. When the delayed reactivation of the IMF’s lending program was continuing to deplete its foreign exchange reserves.

Pakistani currency:

The official currency of Pakistan is Rupee, abbreviated as PKR. The local abbreviation for the Pakistani rupee, which consists of 100 paise, is RP or Rs. Various other names of PKR include Rupee, and Rupees.

Who issues notes in Pakistan?

State Bank of Pakistan

According to Section 24, only the State Bank of Pakistan is empowered to issue currency. Between 1948 and 1960, De La Rue & Company printed the first notes of Rs 5, 10, and 100 for the State Bank of Pakistan.

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