Author Topic: Pakistan: Rs 5 Banknote Ceases to be a Legal Tender  (Read 1049 times)

0 Members and 1 Guest are viewing this topic.

Offline Bimat

  • आदित्य
  • Global Moderator
  • Honorary Member
  • *****
  • Posts: 11 616
  • Mumbai, India.
Pakistan: Rs 5 Banknote Ceases to be a Legal Tender
« on: May 29, 2011, 07:40:50 AM »
More information can be found here:

In this regard commercial banks will stop issuance of Rs 5 banknotes either issuable or re-issuable with effect from 1st July 2011. However, Rs 5 banknotes in circulation will remain legal tender up to 31st December, 2011 and commercial banks are required to accept the Rs 5 banknotes and exchange the same with banknotes or coins. These banknotes are required to be surrendered to the nearest / linked Field Offices of State Bank of Pakistan, Banking Services Corporation /Chest branches of National Bank of Pakistan in suitable lots up to 31st December, 2011.

Aditya

It is our choices...that show what we truly are, far more than our abilities. -J. K. Rowling.