Nepal | May 22, 2019

Public to be able to get new banknotes from October 2

Himalayan News Service
A woman shows Nepali rupees

A woman shows notes she received after putting tika from elders, on the occasion of Dashain, in Kathmandu. Photo: THT/ File

Kathmandu, September 21

Nepal Rastra Bank, central bank, is issuing new banknotes to class ‘A’, ‘B’ and ‘C’ financial institutions from its Thapathali premises between Sunday to Friday next week.

The banks and financial institutions (BFIs) will have to distribute the new notes to the general public starting October 2, reads a notice issued by the central bank today.

The demand for fresh notes goes up prior to Dashain owing to the customary practice of using new currency while receiving tika from the elders during the festival.

As per the notice, the general public will be able to exchange a maximum of Rs 37,000 per person through NRB’s Currency Management Department in Thapathali during normal banking hours.

Similarly, personnel of Nepali Army, Nepal Police, Armed Police Force and civil servants will also be able to exchange currency through the central bank’s
Thapathali counter after presenting an official letter from the concerned agency starting October 2, depending on the availability of the banknotes.

The general public will be able to get fresh bank notes from the central bank’s offices and other BFIs located outside the Valley beginning the same date, the notice adds.

 


A version of this article appears in print on September 22, 2016 of The Himalayan Times.


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