SBP reminds public to exchange of decimal coins

29 Jan, 2014

KARACHI: State Bank of Pakistan (SBP) has reminded the general public to exchange the decimal coins of paisa 1,2,5,10,25 and 50 till September 30, 2014.

These can be exchanged from the field offices of SBP's Banking Services Corporation (BSC) and Commercial / Microfinance banks' branches up to the above deadline, said a SBP statement here on Wednesday.

For awareness of general public , SBP has advised the Commercial /Microfinance Banks to display posters or banners at visible places of their branches for exchange of decimal coins.

Federal Government has already notified that coins of paisa 1,2,5,10,25 and 50 will cease to be legal tender on October 1, 2014. However, it can be exchanged from the field offices of SBP BSC and branches of banks till Sept. 30 , 2014.

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