The State Bank of Pakistan (SBP) has reminded the general public to exchange the old-design and bigger-size banknote of Rs 500/- from the field offices of SBP Banking Services Corporation and the branches of all commercial banks throughout the country up to 30th September, 2011.
It may be recalled that the Federal Government has already notified that the old-design banknote of Rs 500/- (introduced in April 1986) will be demonetized with effect from 1st October, 2011.
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