Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Nepal Rastra Bank (NRB) has said that it will start distributing new banknotes for use during Dashain from September 20 this year.
Rewati Nepal, director at NRB informed that the public can exchange the new notes from the NRB central office in Baluwatar and its provincial offices. Major commercial and development banks, as well as finance companies, will also distribute the notes.
Thousands would queue up in front of designated banks to get the new notes during Dashain in previous years. However, there would not be big crowds to exchange the notes this time as other banks will also distribute them, according to the NRB.
Owing to the Covid-19 pandemic, the NRB had not distributed new banknotes last year. However, the bank is resuming the trading owing to a significant decrease in the daily infection rate.
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