Saturday, September 29, 2012

Central bank begins supply of fresh notes


The central bank is supplying fresh notes from Monday to avoid shortage of fresh notes during Dashain and Tihar festivals.
“Fresh notes of Rs 5, 10, 20, 50 and Rs 100 denominations will be supplied sufficiently during the Dashain and Tihar festivals,” according to central bank spokesperson Bhaskarmani Gyawali. “People could exchange fresh notes from nearby Nepal Rastra Bank (NRB) counters from Monday.”
In the Valley, people can exchange fresh notes from the Thapathali office of the central bank and other banks and financial institutions.
The central bank is releasing fresh notes equivalent to Rs 25 billion during the festival time to avert the cash crunch like a couple of years ago.

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