NRB begins supply of fresh notes

Kathmandu, Oct. 1: The Nepal Rastra Bank (NRB) has started supplying fresh notes from Monday to avoid shortage of fresh notes during the festivals.

Fresh notes of Rs. 5, 10, 20, 50 and Rs. 100 denominations will be supplied sufficiently during the Dashain and Tihar festivals, said NRB spokesperson Bhaskarmani Gyawali.According to Gyawali, clients could exchange fresh notes from nearby NRB counters from today.

The people of Kathmandu valley can exchange fresh notes from three counters set up at NRB Thapathali office and other banks and financial institutions have also been directed to make all necessary arrangements for providing fresh notes smoothly, he added.

The banks and financial institutions neglecting the NRB directives can face action, he said.The NRB is in mood of releasing fresh notes equivalent to Rs. 25 billion during the festival time, it is learnt.

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