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Reading: SBP Investigates Half-Printed Rs1,000 Notes Issue
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Half-Printed Banknotes
PhotoNews Pakistan > Business > SBP Investigates Half-Printed Rs1,000 Notes Issue
Business

SBP Investigates Half-Printed Rs1,000 Notes Issue

Web Desk
By Web Desk Published March 13, 2024 1 Min Read
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Half-Printed Rs. 1000 Banknotes. Photo: oyeyeah
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A bank employee’s video revealing half-printed Rs1,000 notes raised the alarm, leading the State Bank of Pakistan (SBP) to inquire. The footage shows the National Bank of Pakistan’s Model Colony branch manager with these notes, mentioning customer returns and highlighting the issue. He showcased more flawed notes, indicating such errors in every packet.

The SBP confirmed the ongoing investigation to verify these claims. Attempts to contact the NBP spokesperson went unanswered.

Social media platforms rapidly spread the video, sparking widespread concern and advice to scrutinize banknotes. Users criticized the printing oversight and demanded SBP accountability.

Advocate Khalid Khan Lodhi and other users voiced concerns about the implications of such printing errors, emphasizing the need for SBP action.

The incident, spotlighted in various Facebook groups, prompted discussions on procedural lapses and the appropriateness of publicizing such issues on social media.

The SBP spokesman described the situation as exceptional, indicating it’s under thorough examination to establish its authenticity and scope.

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