The State Bank of Pakistan (SBP) through sixteen field offices of its subsidiary SBP Banking Services Corporation has provided fresh cash of various denominations aggregated to Rs. 342 billion as against Rs 237 billion issued during last Ramadan. The amount is Rs105bn higher than last year’s.
Of the total amount provided, commercial banks have been issued fresh notes of Rs.40 billion of small denomination, up to Rs.100, as against Rs.22 billion issued last year, the central bank said on Friday.
This amount also includes Rs.25 billion issued through SMS service 8877 operated by SBP BSC through 1002 branches of commercial banks in 120 cities and its sixteen field offices in fifteen cities.
More than 1.5 million people obtained fresh notes comprising 3 packets of Rs10, one packet of Rs.50 and one packet of Rs100. Last year, Rs.16 billion was issued through this system.