Tuesday Nov 29, 2022
Tuesday Nov 29, 2022

New notes worth 22 billion exchanged for Dashain


Nepalnews
2022 Sep 29, 14:55, Kathmandu
Representative Images (Photo: NepalNews)

Nepal Rastra Bank (NRB) facilitated Rs 22 billion worth of new notes for the public for Dashain from 29th August.

According to Revati Prasad Nepal, Executive Director of Rashtra Bank Currency Management Department, 12 billion rupees of small rate notes will be exchanged this year during Dashain. She further added that 10 billion worth of high-rate notes (500 and 1000) were approved.

As Dashain holidays are quite long, banks may demand more small and high-rate notes in ATMs. It is estimated that new notes of small and large rates above 25 billion rupees will go to the market during Dashain this year.

Last year, around 8 billion worth of small rate notes were issued, Nepal said. “This year it has increased”, she said.

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