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Demonetisation in cash-strapped Pakistan? State Bank of Pakistan to release new notes

By Economic Times - 10 months ago
Certain financial analysts are contemplating the potential integration of demonetization for higher-value notes, like the Rs 5,000, as a component of this effort to reduce the spread of counterfeit currency and tackle concerns associated with the black money market.Emphasizing the repercussions of illicit black money on Pakistan's economy, experts suggest that the circulation of larger denomination notes exacerbates the issue.

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