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KARACHI: The State Bank of Pakistan (SBP) has announced withdrawal of cash-related conditions imposed in the wake of Covid-19.

In order to avoid spread of Covid-19 through currency notes, the SBP in 2020, advised banks to disinfect, seal and quarantine cash collected from its counters for 14 days or process such banknotes through Pakistan Council of Scientific and Industrial Research (PCSIR) certified machines in lieu of the 14 days quarantine. Banks were given credit for all such cash collected from hospitals and clinics and kept under quarantine on behalf of the SBP.

However, now keeping in view the current situation, whereby all Covid-related restrictions have been lifted at the national level by the NCOC, the instructions issued to banks regarding quarantine of cash are hereby rescinded and revoked.

Pakistan revises Covid-19 protocols for inbound passengers

The SBP said that although the restrictions have been withdrawn, banks will be encouraged to continue taking necessary measures for disinfecting the cash and keeping a neat and healthy working environment for their cash processing staff.

Copyright Business Recorder, 2022

Comments

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Dr Habib Barkat Ch. Jun 09, 2022 05:09pm
Well decision by the state bank of Pakistan. But taken some late.
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ABUBAKAR Jun 11, 2022 01:48pm
Well appreciated work done by SBP Official.Its the great news...
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Fouzi Jun 11, 2022 04:43pm
Very funny statement... which bank quarantined the notes... whenever you deposit a utility bill or get a cheque cashed most of the time the customers are paid the same notes deposited by someone else on the same day
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Syed owais jamil Jun 12, 2022 04:19am
If u want that bankers must take care the health of his customers so first u have to take care bankers health reduce bank timing n add covid allowance in there salary
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