Govt Decision for Pakistan New Currency Notes – The government has decided to release Pakistan’s new currency notes in 2023 this year. Will the State Bank create new currency notes for Eid 2023 this year?
The State Bank of Pakistan (SBP) has announced that, unlike in past years, no new currency notes would be issued for Eid-ul-Fitr in 2023.
Govt Decision for Pakistan New Currency Notes. On the occasion of Eid-ul-Fitr, Pakistan’s central bank has a history of issuing new banknotes. However, the State Bank of Pakistan (SBP) has yet to declare its policy for new currency notes this year, leaving people anxious to get cash for the traditional Eid ritual of distributing Eidee (money) to youngsters.
Govt Decision for Pakistan New Currency Notes Release Date:
Due to the Covid-19 epidemic, the SBP had delayed releasing new currency notes. Although there are now no limitations in place and no compelling reasons for a central bank to delay the issuance of fresh notes, the prolonged economic crisis may have a role. Govt Decision for Pakistan New Currency Notes.
In the midst of this uncertainty, speculations have arisen in the market that the absence of new currency notes before Eid 2023 might signal an oncoming economic disaster. These speculations, however, are hypothetical, and the central bank is anticipated to make its judgment in the coming days. If the SBP decides to print new currency notes, consumers will be able to get them by sending an SMS.
In past years, there was an illicit market for banknotes, with inflated values owing to great demand. On a bundle of Rs10 notes, dealers have been known to charge Rs200-300. Govt Decision for Pakistan New Currency Notes. For more details and information visit our website techinblog.com