New notes for festival will be available from Monday

Kathmandu: Nepal Rastra Bank has made an arrangement to exchange new notes from Monday for festive season. NRB has stated that an arrangement has been made to exchange new notes for the public by adopting public health standards to avoid covid-19.

Not only from the National Bank but also the banks themselves are going to arrange new note exchange for their customers.

Banks will facilitate new note exchange from head office or other designated offices. NRB, on the other hand, said that new notes would be distributed from Monday at the Baluwatar office and the provincial offices of all the seven provinces. Apart from this, some development banks and finance companies have also taken new notes.

NRB is preparing to distribute new notes worth Rs 30-35 billion to the public. Out of which, NRB is preparing to distribute Rs. 5, 10, 20, 50 and 100 notes of Rs. 12 to 15 billion. new notes will be distributed at the rate of Rs 18,500 per person.

NRB, which has been distributing new notes every year, did not distribute new notes last year due to Corona. NRB is about to distribute new notes after the corona infection has come down significantly this year. Until a few years ago, people used to line up at Rashtra Bank from morning till night to get new notes. However, the NRB has said that it will not be as crowded as in the past as it will be sent to banks and distributed by regional offices.