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Rs5,000 currency notes are not being discontinued, clarifies SBP

SAMAA | - Posted: Nov 12, 2019 | Last Updated: 8 months ago
SAMAA |
Posted: Nov 12, 2019 | Last Updated: 8 months ago
Rs5,000 currency notes are not being discontinued, clarifies SBP

In this file photo, Money dealers count Pakistani rupees, right, and US dollars at a currency exchange in Islamabad on March 12, 2014. (AFP)

The State Bank of Pakistan has denied the reports of discontinuation of Rs5,000 currency notes.

“The SBP strongly denies that any proposal to discontinue Rs5000 currency note has been forwarded by the SBP,” its spokesperson said in a statement. “Such news items are baseless.”

The clarification from the central bank comes days after reports circulated on social media that the SBP was considering a proposal to discontinue Rs5000 currency notes.

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