New notes for Dashain to be distributed from Wednesday

New notes for Dashain to be distributed from Wednesday

Nepal Rastra Bank (NRB) is to distribute new currency notes from Wednesday for the great Hindu festival of Dashain.

Notes worth Rs. 40 billion to Rs. 45 billion will be distributed until fulpati day from seven district offices of the bank and in NRB Management Department at Thapathali, the bank said.

One can exchange old notes for new notes at these offices. As there is a Hindu belief that through the use of clean notes for worship and monetary offerings, one can attain his/her wishes, the central bank is distributing new notes worth billions of rupees during the festival each year.

There will be new notes of Rs. 5, 10, 20, 50, and Rs. 100 denominations, said NRB Spokesman Manmohan Kumar Shrestha. He said one can take two packets each of Rs. 5, 10 and 20 and one packet of Rs. 50 and Rs. 100 totaling Rs. 22,000.

Banks and financial institutions and government offices will, however, get it after a few days. Rs. 20- Rs. 25 billion worth new notes and equivalent clean notes will be sent to market, NRB said. RSS

Source: Republica