People queue up to collect new notes for Dashain (In photos)
Oct 7, 2018-
People, from early Sunday morning, queued up at Nepal Rastra Bank (NRB) office in Thapathali to collect new banknotes for the upcoming Dashain festival.
The NRB started issuing fresh bank notes from October 7 through 22 different branches in the Kathmandu Valley for the upcoming Dashain festival.
The crispy paper money goes into high demand as new notes are traditionally given as gifts during the festival.
The central bank said it has set up counters at its currency management department at Thapathali, and also set up services at 21 branches of Rastriya Banijya Bank, Nepal Bank and Agricultural Development Bank to circulate the notes.
Likewise, the bank will provide exchange facility for up to Rs27,000 per person in denominations of Rs5, Rs10, Rs20, Rs50 and Rs100.
Last Dashain, the NRB had brought Rs40 billion worth of new notes into circulation to meet demand.
The bank said there would be no shortage of fresh bank notes this year.
Outside the valley, fresh currency notes can be obtained from NRB’s branch offices located in Biratnagar, Janakpur, Birgunj, Pokhara, Siddharthanagar, Nepalgunj and Dhangadhi.
The central bank said it will also be providing the new paper notes outside the valley through the branches of three government-owned banks that are authorised for maintaining the currencies reserves.
Published: 07-10-2018 13:36