ISLAMABAD: The State Bank of Pakistan (SBP) clarified that both the green and blue coloured Rs75 banknotes available in the market were legal and rejected the news of the nonacceptance of these special commemorative bills by sellers and buyers in the country.
In a statement issued on Thursday, State Bank said that “under Section 25 of the SBP Act, 1956, all banknotes including commemorative notes issued by SBP are legal tender across Pakistan for the amount expressed therein and carry the guarantee of the Federal Government,”.
Clarification over Blue and Green Notes
The central bank further clarified that the banknote of Rs75 (predominantly green) issued on August 14, 2022, to commemorate 75 years of Pakistan’s Independence and the banknote of Rs75 (with blue colour) issued on July 04, 2023, to mark 75 years of SBP’s inception are legal tender across the country.
These banknotes are equally eligible to perform the function of a medium of exchange i.e. for settlement of private and public obligations, the statement further added.
Moreover, SBP and all commercial banks in the country shall issue to, and accept from, the public, these banknotes.
During last few weeks, there were complaints from the citizens saying that most of the shopkeepers, taxi drivers etc refused to accept these notes particularly the blue notes. Some, however, accepted these notes after they initial arguments.
