Old design bank**tes cease to be legal tender with effect from Dec 1
 

ISLAMABAD: A Spokesman of the State Bank of Pakistan (SBP) has said that as per Federal Government’s Gazette **tification of June 4, 2015, the old design bank**tes would cease to be legal tender with effect from December 1, 2016.

The Spokesman in a statement said, it has **w been decided to phase out all remaining old design bank**tes of Rs 10, 50, 100 and 1000.

He said that the Rs 5 bank**te and the old design Rs 500 bank**te have already been demonetized.

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