Karachi February 7 2022: The Federal Government has extended the last date of exchange of old design banknotes from the field offices of the SBP Banking Services Corporation up till December 31, 2022.
In June 11, 2015, SBP through its circular had ordered demonetization of old design banknotes of Rs. 10, 50, 100 and 1000, and cessation of legal tender status of old banknotes with effect from December 01, 2016. Thereafter, these old design banknotes were exchangeable only from the offices of the SBP Banking Services Corporation offices up till December 31, 2021.
In order to enhance public awareness about extension in last date of exchange of these old design banknotes from the field offices of SBP Banking Services Corporation, the banks are advised to ensure display of message regarding the last date of exchange of old design banknotes at their websites. The message shall remain visible at their websites up to 31st December 2022.