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Currency Lifecycle Pakistan SBPBSC

The document provides a comprehensive overview of the currency lifecycle in Pakistan, focusing on the roles of the State Bank of Pakistan (SBP) and its Banking Services Corporation (BSC) in currency issuance, distribution, and recycling. It outlines the legal framework, processes for estimating currency demand, and the management of used notes, including their destruction and environmental considerations. Additionally, it addresses challenges in currency management and highlights recent developments towards a digital payment infrastructure aimed at reducing reliance on physical currency.

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42 views4 pages

Currency Lifecycle Pakistan SBPBSC

The document provides a comprehensive overview of the currency lifecycle in Pakistan, focusing on the roles of the State Bank of Pakistan (SBP) and its Banking Services Corporation (BSC) in currency issuance, distribution, and recycling. It outlines the legal framework, processes for estimating currency demand, and the management of used notes, including their destruction and environmental considerations. Additionally, it addresses challenges in currency management and highlights recent developments towards a digital payment infrastructure aimed at reducing reliance on physical currency.

Uploaded by

muhammad742274
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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urrency Lifecycle in Pakistan: A Study of Issuance, Distribution, and Recycling Mechanisms under SBP BS

1. Executive Summary

Brief overview of currency management.

Purpose and scope of the report.

2. Introduction

Background of SBP and SBP BSC.

Importance of currency management in the financial system.

3. Legal & Institutional Framework

SBP Act 1956 (Section 25 - Right to Issue Currency).

Role of Pakistan Security Printing Corporation (PSPC).

Role of SBP BSC (Banking Services Corporation).

4. Currency Issuance Process

Estimation of currency demand (factors: GDP, inflation, seasonal needs).

Printing process (PSPC).

Security procedures during transportation and storage.


urrency Lifecycle in Pakistan: A Study of Issuance, Distribution, and Recycling Mechanisms under SBP BS

Initial entry into SBP BSC vaults.

5. Currency Distribution System

Role of SBP BSC's 16 field offices.

Cash supply to commercial banks.

Regional allocation strategy.

Special occasions: Eid, elections, disasters.

6. Currency Recyclability and Processing

Return of used notes from banks.

Automated currency processing machines (CPMs).

Sorting: Fit vs Unfit currency.

Counterfeit detection procedures.

7. Destruction of Unfit Notes

Shredding and disposal process.

Oversight and documentation.


urrency Lifecycle in Pakistan: A Study of Issuance, Distribution, and Recycling Mechanisms under SBP BS

Environmental concerns and recycling of shredded notes.

8. Public-Facing Services

Clean Note Policy.

Exchange of damaged or mutilated notes.

Awareness campaigns (how to identify genuine notes).

9. Challenges in Currency Management

Counterfeiting risk.

Logistical challenges in remote regions.

Public handling and awareness.

10. Recent Developments & Digital Transition

Introduction to Raast (Digital payment infrastructure).

Vision for cashless economy and declining dependency on physical notes.

SBP's roadmap for future currency handling.

11. Conclusion
urrency Lifecycle in Pakistan: A Study of Issuance, Distribution, and Recycling Mechanisms under SBP BS

Summary of SBP BSC's critical role.

Policy implications and recommendations.

12. References / Annex

SBP Annual Reports

SBP BSC Official Website

Currency Management Unit Guidelines

Clean Note Policy document

Interviews or observations (if you visited a field office).

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