Rs500 Old-Design Notes: Sept 30 last date for exchange

central bank cautioned people that it would neither exchange nor be liable to pay any value after the deadline


Express September 29, 2011

KARACHI: The State Bank of Pakistan (SBP) has reminded people that September 30 is the last date for exchanging old-design and bigger size banknotes of Rs500. In a press release issued on Thursday, the central bank said people could exchange these notes from field offices of the SBP Banking Services Corporation and branches of all banks including microfinance banks. The central bank cautioned people that it would neither exchange nor be liable to pay any value of such banknotes after the deadline as from October 1 the old-design Rs500 banknotes would cease to be legal tender.

Published in The Express Tribune, September 30th, 2011.

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