fbpx
Advertisement
Advertisement

Total number of new currency notes printed by SBP from 2018-2022

National AssemblyTotal number of new currency notes printed by SBP from 2018-2022
Advertisement

In literal sense, the number of banknotes printed during July 01, 2018 to June 30, 2022 amounted to Rs 7,201,480 million.

However, the literal printing of banknotes does not necessarily mean an increase in the overall cash in the economy by the same quantum.

Advertisement

The main factors that determine the amount of banknote printed by the State Bank of Pakistan (SBP) are the replacement of the soiled and damaged banknotes, maintenance of stock by the SBP and stocks of banknotes held by the commercial banks.

Secondly, in terms of growth in Currency in Circulation (CiC), which increases due to issuance of currency by the SBP against (i) the government cheques drawn on SBP (ii) the banks‘ demand for currency.

Further, natural growth of CiC also occurs due to increased economic activity, the cumulative nominal GDP growth for the period was 53 percent or 23 trillion.

Advertisement


The expansion of currency in circulation during July 01, 2018 to June 30 2022 is as follows:

Thirdly, in the economic sense, the printing of money is broadly defined as the direct borrowing of the government from the Central Bank.

In this regard, the outstanding government borrowing from the State Bank of Pakistan stood at Rs 5.07 trillion at June 30, 2022 as compared to Rs 3.54 trillion at June 30, 2018.

Advertisement

 

The above information was shared with the National Assembly by the Minister for Finance and Revenue Ishaq Dar on October 14, 2022.

Advertisement
Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Flag Hoisting Ceremony on Pakistan Day held in Dhaka

0
DHAKA, Bangladesh: A flag hoisting ceremony was held at the High Commission for Pakistan in Dhaka on Thursday morning to mark the National Day...

UK Citizens Can Have Visa on Arrival in UAE

0
Enriched with a range of attractive places, the United Arab Emirates (UAE) stands among the top tourist places in the world.Over the last few...

Nation Celebrates Pakistan Day

0
ISLAMABAD, Pakistan: The nation is celebrating Pakistan Day on Thursday with a renewed pledge to transform the Country into a true Islamic and welfare...

President Arif Alvi felicitates nation on Pakistan Day

0
ISLAMABAD, Pakistan: President Dr. Arif Alvi has felicitated the entire Pakistani nation on the occasion of Pakistan Day.In his message on Pakistan Day...

Pakistan’s future lies in adhering to Constitution in letter & spirit: PM

0
ISLAMABAD, Pakistan: Prime Minister Shahbaz Sharif has said that as we celebrate Pakistan Day on Thursday and pay tribute to the sacrifices of our...
Advertisement