Monday June 06, 2022

SBP Refutes ‘Baseless’ Claims on Proposal to Restrict Foreign Currency Accounts

The Ministry of Finance and the State Bank of Pakistan (SBP) on Monday refuted “baseless claims” circulating on social media regarding foreign currency accounts, Roshan Digital Accounts (RDAs) and safety deposit lockers.

In a joint statement, the Government of Pakistan and the central bank assured all account holders maintaining foreign currency accounts, Roshan Digital Accounts (RDA) and safety deposit lockers in banks in Pakistan that their accounts and lockers are completely safe, and that there is no proposal under consideration to put any restriction on them.

“Rumors are circulating on social media that the government or State Bank is considering freezing or placing restrictions on withdrawals from foreign currency accounts, Roshan Digital Accounts and safety deposit lockers.

“Such rumours are absolutely incorrect and baseless,” read the statement.

The government clarified that such a proposal has neither been considered presently nor in the past.

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