SBP denies discontinuation of Rs5000 foreign money notes

KARACHI: The State Financial institution of Pakistan (SBP) has rejected the reviews relating to the discontinuation of Rs5,000  foreign money notes, ARY Information reported.

“SBP has not submitted any such proposal which might lead to discontinuation of the 5,00Zero Rupees banknote. Such information gadgets are baseless,” mentioned spokesperson of SBP.

SBP additional clarified that any such motion is introduced nicely prematurely and the general public is given ample period of time to get their foreign money notes exchanged by way of the approved banks.

The clarification comes days after reviews circulated on social media that the SBP was contemplating to discontinue Rs5000 foreign money notes.

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