KARACHI: The State Bank of Pakistan (SBP) has released fresh currency notes ahead of Eid-ul-Fitr to help the public and prevent the illegal sale of new notes, according to reports.
During Eid, it is a tradition for elders to give cash gifts, known as “Eidi,” to children. Fresh currency notes, especially Rs100 notes, are commonly used so children can enjoy the celebrations.
High demand sometimes makes it difficult to get bundles of new notes from banks. In such cases, some people turn to the open market, where notes are often sold at higher prices.
The SBP said that all commercial banks across Pakistan have been supplied with new notes to make them easily available. The distribution has already started nationwide in preparation for Eid.
How to Get New Notes
Citizens can collect fresh currency notes by visiting their nearest bank branch. Some designated bank ATMs will also dispense new notes.
Who Can Receive New Notes
Any Pakistani citizen with a valid National Identity Card (NIC) can obtain fresh currency notes. Authorities advise getting the notes early, as demand usually rises closer to Eid and shortages may occur.
Reports indicate that in some major city markets, people have set up stalls selling new notes at higher prices. The SBP is monitoring the situation to ensure fair distribution and prevent illegal practices.
Meanwhile, the Central Ruet-e-Hilal Committee, Pakistan’s official moon-sighting body, is scheduled to meet on March 19 to sight the Shawwal moon, marking the start of Eid-ul-Fitr. The main meeting will be at the Ministry of Religious Affairs and Interfaith Harmony, while zonal committees will meet in their respective regions.