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zeeshan
Joined: 21 Jan 2016
Posts: 655
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| Nov 3o 2016 Last Date Exchanged Old Notes |
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Eliminating old certified receipts requires some serious energy. Despite the fact that the new ones have been around for some time, the old notes frequently tend to stick around.
Out With the Old, In With the New
Why do we change the outline of the banknotes in any case? State Bank of Pakistan issued the new outlines so as to enhance security, sturdiness and tasteful nature of the certified receipts. Old configuration banknotes won't be acknowledged by any bank after November 30th, 2016.
This applies to 10, 50, 100 and 1000 rupee notes of the more seasoned outline. It merits saying that despite the fact that different banks will quit tolerating these notes after November 30th this year, SBP will keep on accepting these notes until December 31st, 2021.
5 and 500 rupee notes have been effectively demonetized and are no more acknowledged by any bank in Pakistan, including SBP.
New outlines for Rs. 5, 10, 20, 50, 100, 500, 1000 and 5000 were issued in 2008. From that point forward the 5 Rupee note has been eliminated and supplanted by a 5 rupee coin.
New 10 Rupee Coin
Another 10 rupee coin was expected to be enhanced August 31st this year. From that point forward no news has surfaced about the outline or the issuance of the new 10 rupee coin.
Regularly coins are harder to monitor contrasted and notes. The notes are nearly simpler to notice and some believe that the new coins would really support the downgrading of the currency.The coin will be more strong contrasted with the note and harder to fake too.
Keep in mind to get your old 10, 50, 100 and 1000 Rupee notes traded by your particular banks before November 30th this year to stay away from misfortune because of not thinking about it.
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| Wed Sep 21, 2016 5:04 pm |
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