Nepal Rastra Bank (NRB) has announced that this year, only small denomination notes will be exchanged during Dashain, with no new notes being issued.
According to a notice from the Currency Management Department of NRB, the distribution of small denomination notes will be available from Bhadra 29 to Ashoj 10.
The service will be provided at the NRB office in Thapathali, all seven provincial offices in Biratnagar, Janakpur, Birgunj, Pokhara, Siddharthanagar, Nepalgunj, and Dhangadhi, as well as all branches of licensed banks and financial institutions classified under “A”, “B”, and “C” categories.
Each individual can exchange up to Rs. 18,500 in small denomination notes.
Additionally, NRB has made arrangements to ensure easy access to small denomination notes for the public through district-level offices managing cash operations. The decision to distribute small denomination notes instead of new notes comes as the market currently has sufficient usable currency.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
