State Bank of Pakistan (SBP) Monday reminded the general public to exchange the demonetized Rs 5 banknote from the field offices of SBP Banking Services Corporation (SBP BSC) and over 10,000 branches of banks throughout the country up to December 31st. The central bank warned that after the above deadline neither the SBP/SBP BSC nor the banks would exchange or pay any value of such banknote to any person or institution. It may be recalled that Rs 5 banknote had already been demonetized by the federal government and, hence, it cannot be used as a legal tender. However, Rs 5 banknote can only be exchanged from the field offices of SBP BSC and branches of banks till the close of banking hours on 31st December (2012), the bank said.
SBP issues reminder on 5-rupee banknote as Dec 31 nears
