Published On: Fri, Dec 27th, 2013
Published in Category: Business / Islamabad

SBP reminds public to exchange decimal Coins of Paisa 1,2,5,10,25 & 50

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ISLAMABAD: The State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 & 50 from the field offices of SBP BSC and commercial/ microfinance banks branches by last working day of September 30, 2014.

For awareness of general public, SBP has advised the Commercial/Microfinance Banks to display posters/banners at visible places of their branches for exchange of decimal coins, says a statement issued by the Central Bank on Monday.

It may be recalled that the Federal Government has already notified that coins of Paisa 1,2,5,10,25 & 50 will cease to be legal tender on October 1, 2014.

However, it can be exchanged from the field offices of SBP BSC and branches of banks till September 30, 2014.