Home Laws And Regulations Currency Laws & Regulations Circulars/Notifications Press Releases Pakistani Banknotes Current Banknotes in Circulation Recently Withdrawn/Demonetized Banknotes Historical Banknotes Banknotes Lifecycle Exchangeability of damaged banknotes (Rules and Procedure) Statistics of Banknotes and Coins (Total number and value of banknotes in circulation) Fresh Banknotes on Eid Reporting of Counterfeit Know Your Banknotes Currency Mgmt Strategy Consolidated Instructions regarding CMS Banknote Packing Instructions Approved Banknote Processing Machines Penalty Structure for violation of Cash Management Instructions Frequently Asked Questions Contact Pakistani Coins Coins issued till Date Commemorative Coins available at BSC Offices    Laws and Regulations\Circulars/Notifications Currency Laws & Regulations Circulars/Notifications Press Releases         Sr. Circular Letter/Circular Date Description         1 FD Circular Letter No.01/2018 January 31, 2018 SBP Currency Management Strategy 2 FD Circular Letter No.04/2017 November 06, 2017 SBP Currency Management Strategy 3 FD Circular No.4/2017 September 14, 2017 SBP Currency Management Strategy - Penalty Structure 4 FD Circular No.3/2017 August 31, 2017 SBP Currency Management Strategy 5 FD Circular No.2/2017 March 10, 2017 SBP Currency Management Strategy - Banknotes Packing Instructions - (Annexure) 6 FD Circular Letter No.03/2017 August 22, 2017 SBP Currency Management Strategy - Revised Monthly Reporting Format - (Annexure) 7 FD Circular Letter No.01/2017 March 20, 2017 SBP Currency Management Strategy - Interbank Exchange of Cash (IEC) - (Annexure) 8 FD Circular No.2/2016 March 04, 2016 Enhancing Public Awareness of Banknote Security Features 9 FD Circular No.1/2016 January 25, 2016 SBP Currency Management Strategy 10 FD Circular Letter No.7/2016 December 30, 2016 SBP Currency Management Strategy 11 FD Circular Letter No.6/2016 November 15, 2016 Public Awareness Regarding Demonetization of Old Design and Bigger Size Banknotes 12 FD Circular Letter No.5/2016 September 26, 2016 Cash Management - Monthly Stock Position 13 FD Circular Letter No.4/2016 September 23, 2016 SBP Currency Management Strategy 14 FD Circular Letter No.3/2016 June 29, 2016 Selection of Cash Processing Machines - SBP Currency Management Strategy 15 FD Circular Letter No.2/2016 May 30, 2016 SBP Currency Management Strategy 16 FD Circular Letter No.1/2016 March 16, 2016 Currency Management Strategy - Quarterly Progress Report Format for Banks 17 FD Circular No.3/2015 August 26, 2015 SBP Currency Management Strategy 18 FD Circular No.2/2015 June 11, 2015 Demonetization of All Old Design Banknotes (Rs 10, 50, 100 & 1000) 19 FD Circular No.1/2015 March 30, 2015 Phasing out the old design banknotes of Rs 10 & 100 Denominations 20 FD Circular No.1/2014 September 10, 2014 Machine Fitness Sorting Parameters of Pakistan Rupee Banknotes 21 FD Circular Letter No.4/2014 September 26, 2014 Exchange and Demonetization of Decimal Coins 22 FD Circular No.6 of 2013 October 29, 2013 Phasing out the old design banknotes of Rs 50 and Rs 1000 denominations 23 FD Circular No.5 of 2013 October 01, 2013 Exchange and demonetization of decimal coins of paisa 1, 2, 5, 10, 25 and 50 24 FD Circular No.3 of 2013 July 24, 2013 Issuance of Fresh Note 25 FD Circular No.2 of 2013 May 03, 2013 Currency Management - Monitoring 26 No.CMD./114/2(4) G-2013 May 03, 2013 Banknotes Survey - Public Opinion 27 FD Circular No.1 of 2012 August 12, 2012 Issuance of Fresh BankNotes 28 No. CMD/31/ 7-2012 January 12, 2012 Cash Management - Monthly Stock Position 29 No. CSD /507/ 7/ (Dem-5) - 2012 December 11, 2012 Exchanging/Reporting/Surrendering of Demonetized Rs.5 Banknote 30 No. CSD /392/ 7/ (Dem-500) /2012 September 26, 2012 Exchange of Demonetized Rs. 500 Old Design Banknote 31 No. CSD / 288 / 7-2012 June 26, 2012 Schedule for Exchange of Demonetized Rs. 500 Old Design Banknote 32 No. CMD/115/7/(Dem)S/2011 March 14, 2012 Exchange of Rs.5 Banknote and Rs.500 (old design) Banknote 33 No. CMD/70 / Misc-2012 February 28, 2012 Cash Management - Monthly Stock Position 34 No. CMD/784/ 7/(Dem-5) /2011 December 22, 2011 Exchange of Rs. 5 Banknote 35 No. CMD / 737 / 7/(Dem-500) /2011 November 11, 2011 Exchange of Demonetized Rs. 500 Old Design Banknote 36 FD Circular No. 02 September 21, 2011 Demonetization of Rs. 500 Old Design Banknote 37 Circular No. 01 May 27, 2011 Rs 5 Denomination Banknote Ceases to be Legal Tender 38 Circular Letter No. 01 December 29, 2010 Demonetization of Rs.500 Old Design Banknote 39 Circular No. 2 March 18, 2008 Procedure for Refund of Value of Bank Notes by the Commercial Banks 40 No. Cy.298/245-2004 May 10, 2004 Replacement Of Five Rupee Banknote By Five Rupee Coins 41 Accounts Circular No. 02 March 05, 2004 Prudential Regulation - XXV Schedule of Penalties on Cash Management – Monitoring of 42 Accounts Circular No. 01 March 05, 2004 Master Circular on Cash Management – Monitoring 43 No. Cy.299/245-2004 May 10, 2004 Replacement Of Five Rupee Banknote By Five Rupee Coins

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