Eid note trade returns as fresh currency sells above value
“Fresh currency notes are again being sold in markets at premiums ahead of Eid-ul-Fitr, with multiple denominations trading above face value.”
Key points
- Fresh currency notes are again being sold in markets at premiums ahead of Eid-ul-Fitr, with multiple denominations trading above face value.
- The seasonal demand reflects the continued popularity of crisp notes for festive gifting and holiday customs.
As Eid-ul-Fitr draws closer, the trade in fresh currency notes has resumed in several markets, where vendors are openly selling bundles at rates above their printed value. Stalls and handcarts have appeared in commercial areas where new notes are being offered to customers preparing for festive exchanges.
According to the reported market rates, bundles of Rs10 notes worth Rs1,000 are being sold for Rs1,500, while older bundles of the same denomination are going for Rs1,300. Bundles of Rs20 notes worth Rs2,000 are being priced at Rs2,600, and other denominations are also being sold at marked-up rates.
The seasonal resale of crisp notes remains a recurring pre-Eid practice, driven by strong demand from families seeking fresh cash for gifts and customary distributions during the holiday period.
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