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Finance & Markets

SBP rejects reports on discontinuation of Rs 10 banknote

The State Bank of Pakistan (SBP) categorically refutes reports circulating on social media regarding the purported discontinuation of the Rs 10 banknote and the last date for its exchange. The reports are baseless and have no substance. SBP has submitted a proposal for the introduction of a new banknote series, which is currently under consideration […]

We haven't written up this one. Daily Times has the full story — the link below goes straight to it.

Read the original at dailytimes.com.pk →

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Brazil cuts key rate to 13.75%

AgenciesBrazil’s central bank cut its benchmark interest rate for the fifth time in a row on Wednesday. President Luiz Inacio Lula da Silva hopes the move will boost the economy as...

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