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Circulars

EXCHANGE RATES

April 23, 1997
44250

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 23rd April, 1997 the State Bank of Pakistan will undertake purchase and sale of U.S. Dollar from and to.Authorised Dealers at the following rates :-

BUYING PER U.S. DOLLARSELLING PER U.S. DOLLAR
SPOT SPOT
40.240040.4412

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 23rd April,1997 are as under :-

BUYING PER U.S. DOLLARSELLING PER U.S. DOLLAR
SPOT SPOT
T.T. 40.1998T.T.&40.4814
Clean O.D.
O.D.40.0676

Yours sincerely,

M.IBRAHIM QURESHI
Joint Director