Nepal | December 14, 2019

NRB to distribute new notes from Sept 13

Public to get exchange facility worth up to Rs 27,000

Himalayan News Service

Kathmandu, September 4

Nepal Rastra Bank (NRB) has decided to distribute new currency notes to the general public in view of the upcoming Dashain festival from September 13.

The central bank said today that the general public can exchange new notes worth up to Rs 27,000 from the counters of its Currency Management Department from next week.

As per NRB, the general public can get the exchange facility for notes of five rupees, Rs 10, Rs 20, Rs 50 and Rs 100 denominations. Similarly, the central bank also said that the public can get exchange facility of notes for 100 pieces of the denomination that they want to exchange (not less than 100 pieces).

Likewise, NRB today said that people can also get exchange facility of new notes from different branches of Nepal Bank Ltd (NBL), Agricultural Development Bank Ltd (ADBL) and Rastriya Banijya Bank Ltd (RBBL) from September 13 itself.

However, the public can avail new currency notes worth only Rs 20,000 from the outlets of these banks.

While NBL will provide exchange facility of new notes from its branches based in Balaju, Patan, Kirtipur, New Road and Bhaktapur, ADBL will issue new notes from its branches at Gaushala, Koteshwor, Ramshah Path and Mangalbazar. Similarly, public can also get the exchange facility of new notes for Dashain from the branches of Rastriya Banijya Bank in Singhadurbar Plaza, Teku, Sano Thimi, New Baneshwor, Naxal and Bishalbazar.

As per NRB, the exchange facility of new notes will also be available from the private financial institutions.

Rajendra Pandit, joint spokesperson for NRB, informed that private banks and financial institutions can exchange notes from the currency management division of the central bank from Wednesday (September 6) onward.

Meanwhile, the central bank has also said it will make special arrangements for exchange of notes to personnel of Nepal Army, Nepal Police and Armed Police Force and civil servants upon the submission of an application, as per availability.

NRB has also directed its regional offices to provide the exchange facility of new notes to public accordingly. The central bank has been offering exchange facility of new notes ahead of every Dashain when demand for fresh notes significantly rises.

A version of this article appears in print on September 05, 2017 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories: