Circulars

EXCHANGE RATES

May 26, 1996
46666

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 26th May, 1996 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. DOLLAR SELLING PER U.S. DOLLAR
SPOT SPOT
34.6600 34.8333

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 26th May,1996 are as under :-

BUYING PER U.S. DOLLAR SELLING PER U.S. DOLLAR
SPOT SPOT
T.T. 34.7952 T.T.& 35.0390
Clean O.D.
O.D. 34.6808

Yours sincerely,

M.IBRAHIM QURESHI
Joint Director