SBP rejects rumors about discontinuation of Rs5000 banknotes

KARACHI, Sep 10 (INP) – State Bank of Pakistan (SBP) on Monday rejected rumors related to discontinuation of Rs5,000 banknote and urged people not to pay heed to such disinformation.

In a statement issued by the centrak bank, the SBP board has not submitted any recommendation for demonetization or discontinuation of Rs.5000 or any other banknote to Federal Government or Cabinet.

In case of demonetization of any bank note, SBP announces the same well in advance and provides ample time to public to change the currency under demonetization process.

The bank has also placed all such announcements on its website and circulates the same through its social media platforms as well.

The public is therefore advised not to pay heed to any such rumors which are aimed at creating unnecessary hype and anxiety.