In preparation for Ramadan, the State Bank of Pakistan (SBP) has distributed fresh currency notes totaling Rs27 billion to approximately 17,000 commercial bank branches nationwide. This initiative aims to meet the heightened demand for new banknotes during the holy month, particularly ahead of Eid celebrations when the tradition of gifting fresh currency is prevalent.

Distribution Strategy

The SBP has provided specific guidelines to commercial banks to ensure public accessibility to these new notes. Banks have been instructed to utilize their ATM networks effectively to dispense clean and high-quality currency notes throughout Ramadan. To oversee and ensure compliance with these directives, the SBP has deployed dedicated cash monitoring teams to various bank branches.

Addressing Seasonal Demand

This proactive measure by the SBP addresses the seasonal surge in demand for fresh currency notes, a common occurrence during Ramadan and preceding Eid festivities. By distributing new banknotes, the central bank facilitates the public’s cultural practices and ensures a smooth monetary experience during the festive period.

Public Access

Individuals seeking fresh currency notes are advised to visit their respective banks or utilize ATMs to obtain new notes. The SBP’s comprehensive distribution plan is designed to ensure that the public can easily access fresh currency, thereby enhancing the celebratory spirit of Ramadan and Eid