Eid Demand Drives Premium Sale of New Currency Notes
Open Market Sells New Eid Notes at Soaring Premiums
LAHORE (Web Desk) – As Eid-ul-Fitr approaches, seasonal demand for new clothes, shoes, and fresh currency notes has surged across Pakistan.
Banks are providing new notes under limited availability and strict conditions, prompting many consumers to turn to the open market to meet their needs.
In major markets and busy streets, new currency notes are being sold at significant premiums. Reports indicate that bundles of Rs 10 notes are fetching between Rs 1,600 and Rs 17,000, while Rs 20 notes are selling for Rs 2,700 to Rs 2,800.
Similarly, shopkeepers are charging Rs 1,000 for bundles of Rs 50 notes and between Rs 800 and Rs 1,000 for Rs 100 notes.
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Consumers explained that fresh notes are considered an essential part of Eid gift-giving and celebrations, as older notes are believed to diminish the festive appeal when paired with new clothes and shoes.
Authorities have yet to comment on measures to control the rising demand or curb the black-market sale of currency notes ahead of the festival.
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