KARACHI: The State Bank of Pakistan (SBP) has decided to end legal value of all old designed currency notes.

According to the notification issued by Federal Government on June 4, 2015, all old designed currency notes legal value will end from December 1, 2016. Therefore, it has been decided that remaining 10, 50, 100 and thousand rupees old designed currency notes will be removed in phases.

Legal value of old designed currency note of five and five hundred rupees have already been ended. The deadline to exchange old designed all notes from banks is November 30, 2016. All old designed currency notes legal value will end from December 1, 2016.