NRB to exchange new notes from September 11

Kathmandu - The central bank says it is distributing new banknotes for use during Dashain as dakshina from September 11 this year.

The Nepal Rastra Bank Director Rewati Prasad Nepal says 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.

One person will be allowed to exchange the notes worth Rs 18,500, according to him.

It has been decades that Nepal’s central bank has been letting common people exchange their old banknotes for new ones ahead of Dashain, the biggest festival for Nepalis.

The central bank had distributed new banknotes worth Rs 8 billion before Dashain last year, and it expects the same this year also.

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