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Home Business

SBP Will Not Issue New Currency Notes on Eid ul Fitr

by News Publishing
April 14, 2023
in Business
Reading Time: 1 min read
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SBP Will Not Issue New Currency Notes on Eid ul Fitr
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On Thursday, the State Bank of Pakistan (SBP) declared that it will not issue fresh currency notes for Eidul Fitr this year.

The central bank announced in a statement that no new currency notes will be released for the general population this Eid.

Every year during Eid, the State Bank of Pakistan (SBP) issues billions of new currency notes. In anticipation of the Covid-19 epidemic in 2020, the central bank had ceased printing new currency notes. The action was made in an effort to stop the virus from spreading.

The new crescent will be born at 9:13 am on April 20 and its age will be less than 10 hours that day, according to the Ruet-e-Hilal Research Council (RHRC), making it extremely unlikely that Eidul Fitr would fall on Friday, April 21, 2023.

Eid ul Fitr 2023 will probably be observed on April 22 following the completion of the holy month of Ramazan’s 30 days of fasting, according to Mufti Khalid Ijaz. The Shawwal moon would probably not be seen on April 21 at night, he said.

The holy month of Ramazan, when Muslims fast from sunrise to sunset, comes to a close on Eidul Fitr. Typically, family reunions, dining, and prayers are all part of the holiday celebration.

Tags: currency notesEidul FitrlatestState Bank of Pakistan

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