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Pakistan's central bank ends currency note rumours

IANS  |  Islamabad 

The of Pakistan (SBP) on Monday quashed rumours regarding discontinuation of the Rs 5,000 banknote.

The rumours made a frenzy on in the last few weeks after cricketer-turned-politician Imran Khan's Pakistan Tehreek-e-Insaf took power after victory in the July 25

The SBP, in a statement on Monday, rejected the rumours related to the discontinuation of 5,000 Pakistani rupees banknote and advised the general public to pay no heed to such misinformation.

The statement said: "The board has not submitted any recommendation for demonetization or discontinuation of Rs 5000 or any other banknote to or Cabinet."

"In case of demonetization of any note, announces the same well in advance and provides ample time to the public to change the under demonetization process," it added.

The country's central has also placed all such announcements on its official website as well as on platforms.

--IANS

ahm/sed

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 21:40 IST
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