CONTENTS

Introduction to State Bank of Pakistan

Objective of SBP

Introduction to SBP (BSC)

Currency Management Unit

Functions of Currency Management Unit

About SBP

State Bank of Pakistan was established in 1st

July 1948
Incorporated under the State Bank of Pakistan
Act, 1956
Monetary Policy
OBJECTIVE OF SBP

The state bank of Pakistan is a nonprofit

organization. Its main objective is to manage or
maintain the currency supply in country.
Increase and decrease in money supply can
create inflation or deflation in country, so these
things should be handled immediately and
state bank is doing this.
ABOUT BANKING SERVICE CORPORATION

Established under the SBP-BSC Ordinance 2001, SBP-

BSC supports SBP in performing functions such as
handling of currency and credit management,
facilitating the inter-bank settlement system, and
sale/purchase of savings instruments of the
Government on behalf of Central Directorate of National
Savings. SBP-BSC also collects revenue and makes
payments for and on behalf of the Government. It also
carries out operational work relating to development
finance, management of public debt, foreign exchange
operations and export refinance
CURRENCY MANAGEMENT UNIT

Currency Management Unit

Currency management Unit is responsible for ensuring uninterrupted provision of

good quality bank notes & coins, NPB, special and defense saving certificate
across the country .
FUNCTIONS OF CURRENCY MANAGEMENT UNIT

Supply of fresh Currency Notes and Coins in the

market
Remittance Management

Monitoring and On-Site Inspection of Cash

Operations
CLEAN NOTE POLICY

o Non-Stapling of Note Packets

o Exchange of Soiled and Mutilated Notes
o Forged and Counterfeit Notes
o Currency Verification & Destruction Process
o Exchange of Currency Notes
o SBP Note Refund Rules Delegation of Powers
to Commercial Banks
o Training and Awareness Programmes for the
Exchange of Currency Notes
o Acceptance of Coins and Availability of Currency
Notes
o Training and Awareness Programmes regarding
Security features.