Nepal Rastra Bank has stated that it has started distributing new notes for the upcoming Dashain from Monday.
According to the Central Bank’s note management department, a new banknote exchange facility has been provided in the Kathmandu Valley through the designated branch offices of commercial banks from Monday.
It is mentioned in the information of the central bank that notes can be exchanged at the nearest branch office specified by the commercial bank. Considering the risk of transmission of coronavirus, NRB has requested to follow health protocols.
It is mentioned in the notice that the facility of note exchange can be availed by going to the provincial office of the central bank or the nearest branch office of the commercial bank outside the Kathmandu Valley.
It has been requested to adopt the health standards prescribed by the government and the local administration and to observe the social distance completely.
The central bank is preparing to distribute 5, 10, 20, 50 and 100 notes up to Rs 15 billion. In total, the central bank is preparing to distribute new notes worth Rs 35 billion.
Arrangements have been made to distribute the new notes through all 27 commercial banks and their branch offices, realizing the long queue at the central bank office for new notes.
