Few days To Get Your Old currency Notes Exchanged
Old remaining currency notes are going to expired on 30th November of current year. During this specific period of time the new notes have been playing role.
So New in and old out
Here is a question? Why do we need to change design of the banknotes? State Bank of Pakistan issued the new designs of currency notes in order to improve security, durability and aesthetic quality of the bank notes. Old design banknotes will not be accepted by any bank after November 30th, 2016.
This condition is applies to Rs.10, Rs.50, Rs.100 and Rs.1000 of old notes. It is mentioning that all others banks will stop accepting old notes after the date of 30th November 2016, But State Bank of Pakistan will continue to accept reaming old notes upto 31st December , 2021.
As you may know that Rs.5 and Rs.500 notes have been demonetized already and no longer accepted now by any local bank in Pakistan, including State Bank of Pakistan.
New designs of currency notes of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500, Rs.1000 and Rs.5000 were issued in year 2008.
New Rs.5 Coin
Since then the 5 Rupee note has been stopped and replaced with Rs.5 coin instead in 2013. Now new golden color metal type mixture of copper, zinc and nickle as 79%, 20% and 1%, same issued by State Bank of Pakistan in October, 2015.
New Rs.10 Coin
A new Rs.10 coin is going to be design and soon will be issued by State Bank.
Coins are more durable and harder to keep as compared with currency notes. In other hand notes are easy to notice. The coin are not easy to fake as well as currency note.
You should keep remember to exchange your old Rs.10, Rs.50, Rs.100 and Rs,1000 notes from nearest bank before the end of November 30th 2016 to avoid any loss. Share this vulnerable information with your dears.