Nepal Rastra Bank started to distribute new paper money for Dashain from today
Nepal Rastra Bank has started to distribute new paper money from today for Dashain. This distribution is done yesterday in capital - Kathmandu but other districts will exchange money from today according to NRB.
In order to stop scarcity of paper money as in earlier years, NRB has prepared Rs. 30 trillion for this Dashain. For this purpose, bank has prepared to cash out some paper money which was used for once earlier. For this sake, bank has distributed from 500 thousand to 100 million NRs. to various financial institutions according to their size and volume financial transaction.
Similarly, commercial banks will have received new paper money in the rate of 100 millions and other development banks, finance companies will receive slightly less amount of money. Hence NRB declared that they have managed the system such that any citizen can exchange for new money as far as they demand.