July 3, 2022, Sunday
Nepal 1:37:26 pm

NRB to issue new bank notes in Dashain

The Nepal Weekly
September 14, 2021

The central bank of Nepal is planning to distribute new banknotes for use during Dashain as dakshina from September 20 this year.

According to the Nepal Rastra Bank director Rewati Nepal 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.

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

In the previous years, thousands would queue up in front of designated banks to get the new notes so that they could give them to their family members and relatives as dakshina while putting tika. 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 has resumed the trading due to a significant decrease in the daily infection rate.