SBP has put to pain a vast majority of people who have not been able to exchange old Rs500 note by September 30, 2011.
KARACHI: There has been an uneasy reaction in respect of the demonetisation of the old five hundred rupees note. Apart from the discussion whether the step taken by The State Bank of Pakistan (SBP) is legal or illegal, the reality is that it has disturbed and put to pain a vast majority of people who had not been able to exchange the old Rs500 note by September 30, 2011.
The SBP must revise this decision regarding the deadline, and as proposed by a large number of citizens of Pakistan, should extend the date by a few months with proper notification in newspapers.
Prof. SB Hassan
President & chief editor
Investment & Marketing
Published in The Express Tribune, October 14th, 2011.
